Well there you go for all the bears including myself predicting a US depression GDP gained 0.6% in the US so no depression just a slow down as for a recession well i guess will have to wait till the 6 of June i beleive to find out.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWZ8z5RzbBtY&refer=home
why a global financial meltdown in unavoidable, page-9
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