Thursday, August 4, 2011
DOW
Economists at Bank of America’s Merrill Lynch said Thursday that the economy is just one shock away from a recession. They put the probability of a recession in the next 12 months at 35%. However, they said the likelihood that the economy is currently in a recession was just 10%.
Comforting that they don't know isn't it. Well we know the original ending of the recession, recovery summer, was a joke, that smelled as bad as the global warming hoax.
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