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Tag Archives: recession
Peter Schiff: Obama's Phony GDP Growth
Recession: A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if […]
Economy
Also tagged CIT bankruptcy, Economy, GDP growth, obama administration, Peter Schiff
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Obama's Economic Scare Tactics Are The Real Catastrophe
There should be little wonder why Wall Street has absolutely cratered since Obama took office. Investors know history (unlike the glassy eyed Obama supporters) and can see right through the daily “crisis” diatribe coming from the new administration…