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U.S. Warning Signs Point Toward a Deep Recession
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Why this recession will be deeper and more prolonged than the mild ones of 1991 and 2001. In a paper Rogoff and Reinhart argue that this will be a significant and protracted slowdown. Goldman's Jan Hatzius thinks that the other industries outside banking and housing are in much better shape, and because they did not hire so much since 2001, may not retrench that much. And Gordon at Northwestern University sees exports, which are twice as large as construction in the GDP, should continue to grow strongly easing the housing decline. But he sees pressure on retail sales with higher energy costs and mortgage related troubles.
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U.S. Warning Signs Point Toward a Deep Recession
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Linked Articles
Some Fear Economic Stimulus Is Already Too Late
New York Times 01/13/2008
U.S. Warning Signs Point Toward a Deep Recession
Wall Street Journal 01/21/2008
Foreign investment and the global recession of 2008-2009
01/20/2008
How foreign investment will soften the duration and severity of the current recession.
Linked Articles
Overseas Investors Buy Aggressively in U.S.
New York Times 01/20/2008
U.S. Warning Signs Point Toward a Deep Recession
Wall Street Journal 01/21/2008
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