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Issue: Honesty, will Clinton lose the nomination? or lose in November next
21 01 2008

A de facto recession

Posted by: Wayne in Economy

We may not have all the symptoms of a recession but Intrade Prediction Markets has people betting on it and they are putting their money on a recession. Today Asian market few in what the drudge report calls the panic of 2008.

Update 1/22/2008

SAN FRANCISCO (MarketWatch) — The dollar was down against its major counterparts Tuesday, pressured by expectations of an encore from the Federal Reserve, which earlier cut its overnight lending rate by 75 basis points to 3.50% in an emergency move after waves of panic selling in overseas markets.

Popularity: 26% [?]

This entry was posted on Monday, January 21st, 2008 at 9:02 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “A de facto recession”

  1. #1 Wayne says:
    May 21st, 2008 at 12:07 pm

    Trackback don’t seem to be automaticly going to updated stories after several changes I’ve made to this blog.

    Our Strengthening Economy is the related post.

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