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02-03-2009, 11:23 PM #1
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Experts See Deficit Growing by $9 Trillion
Experts See Deficit Growing by $9 Trillion
Tuesday, February 3, 2009 4:04 PM
By: Michael Kling
The federal deficit will grow by another $8 trillion or $9 trillion. Unemployment will reach the double digits, and home prices won’t bottom out before 2010, predict two leading economists in The Wall Street Journal.
They base their predictions on past financial crisis in other countries: Spain in 1977, Norway in 1987, Finland in 1991, Sweden in 1991, and Japan in 1992.
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