A Huffalump did his business here...: Not a Recession

Friday, August 18, 2006

Not a Recession

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"On the one hand, we have sunny investment pros who think the Federal Reserve has pulled off the miracle of the century with its two-year campaign to lift interest rates: a "soft" landing for the fast-flying U.S. economy that has blunted inflation. On the other, we have skeptics who think the Fed has recklessly pushed the economy over a cliff toward a recession and botched its all-important battle with inflation."

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