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Still No Recession?

Last week, the Q2 ’08 number was revised to 3.3% up from 1.9%. This may be attributed to the stimulus package, or an increase in exports due to the lower dollar, but it’s good news and far from the depression some were forecasting.

Perhaps we’ll avoid a recession altogether, and Q4 ’07 will be the only quarter of contraction. Time will tell.


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