A New Phase of Economic Crisis
Against The Current vol. 135

Rasmus, Jack
Date Written:  2008-07-01
Publisher:  Against The Current
Year Published:  2008
Resource Type:  Article
Cx Number:  CX13417

In early AprilL 2008 the general consensus was that the U.S. economy had clearly fallen into recession. A long list of key economic indicators from November 2007 through March 2008 were all flashing red — from retail sales, job loss, business and consumer confidence and spending to industrial production and other prime indicators.

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