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So, instead of some massive rally, the markets still declined today. [View All]

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originalpckelly

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-01-11 10:00 AM
Original message

So, instead of some massive rally, the markets still declined today.

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Not by as much as had been happening, but still a decline.

This isn't just really related to the debt ceiling, a lot of it is to do with the economy. Reuters just had a story out a few days ago, which I posted, that said the Great Recession was actually even bigger than previously thought, and that this nation had so little growth, we almost had the start of a recession in the first quarter of this year.

Don't be surprised in a year or two when the economists analyze the situation to find that we actually have been in a recession for a few months now.

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