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  1. 03-09-2009, 08:04 PM #1
    AirborneSapper7
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    Feldstein: Very Long Recession Ahead

    Feldstein: Very Long Recession Ahead

    Monday, March 9, 2009 12:51 PM

    By: Ellen Chang

    The U.S. recession will be long because investors have lost a large amount of household wealth, says Harvard University’s Martin Feldstein.

    Investors expecting a recovery by the second half of 2009 are “overly optimistic,â€
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  2. 03-09-2009, 08:25 PM #2
    vortex
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    [quote]“While a higher household saving rate will help to rebuild wealth, it would take more than a decade of relatively high saving rates to restore what was lost.â€
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