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One shock, two shocks, three shocks. A recession?

Publication: Montana Business Quarterly
Publication Date: 22-MAR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: One shock, two shocks, three shocks. A recession?(Top 10 Economic Predictions for 2008 )(Statistical table)

Article Excerpt
The U.S. economy teeters on the brink of recession. The jitters started with the bursting of the house price bubble, which meant consumers could no longer fund their consumption expenditures using their home appreciations. Then, the credit crunch (caused by mortgage defaults) limited new loans to only the least risky borrowers. Finally, continued high energy prices (with oil reaching $100/barrel) may be the final straw. The latest odds are about a 50-50 chance that the economy will fall into a recession during...

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