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Talk of Worst Recession Since the 1930s |
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The News -
Economy
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November 12, 2007 |
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After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market? A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product." Source : NY Sun
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