John Browne – RECESSION-DEEPER SECOND WAVE COMING

Tuesday, August 17, 2010
By Paul Martin

We are in the eye of an economic hurricane. Things look calm and many talk of recovery. But, when the outlook for higher taxes and interest rates are taken into account combined with less government stimulus and more de-leveraging in retail and commercial real estate, the dark clouds of an even deeper recession come into view which threaten depression.

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