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The U.S. economy probably plunged again in the first quarter, reflecting a drop in inventories that may set the stage for a return to growth later this year. Gross domestic product shrank at a 7.4 percent annual pace after contracting at a 6.3 percent rate in the last three months of 2008, according to the market expectations. Figures from the Institute for Supply Management on May 1 may show manufacturing shrank at a much faster pace this month.
Economic depression accelerates in US, unemployment to skyrocket and prices to go sharply higher quadrupling the distress index.
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Originally posted by Republican08
Yeah it's pretty da** depressing if you ask me.
Seems like the stocks are taking the news well. Yep, they just went up. *Smells foul play*
So, I think the S will HTF, and the whole Admin, Wall St. will be completely business as usual, as long as Obama acts cool, everythings all cool.
Kinda like watching Rome burn, and just seeing some guy in the Middle of it saying to everyone, "hey it's cool, we got this". Then well you know, they all die.