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|User Info||Richmond Fed Drops; entered at 2012-06-26 15:28:27|
I think that we are in recession now. Of course, it might not be until April of the year 2525 that the government finally admits that we were in recession.|
At least the productive part of the economy is on recession if not depression. The part that is funded by the huge deficits is what is making things look 'better'. I use the term 'better' pretty freely there.