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Moody’s: Next Recession to Feel More Like Depression
Mark Zandi, chief economist at Moody's Analytics, says if the economy double dips, Recession 2.0 would be worse than the last and very difficult to escape. “It won't feel like a new recession. It would likely feel like a depression," Zandi warns.
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Dear Daily Crux Reader,
With the US credit downgrade, another piece of the “End of America” puzzle has fallen into place.
But what happens next? What will day-to-day life be like if the dollar collapses? And what can you specifically do to protect yourself?
Our colleague and leading economist Bob Wiedemer sat down for an interview during the “Aftershock Survival Summit.”
In the following presentation, Bob reveals what he believes will happen next, and what steps to take to stay safe before a second, and much more destructive economic meltdown possibly strikes the United States.
You can watch the full presentation here.
Sincerely,
Justin Brill
Editor, The Daily Crux
Thursday, 11 August 2011
Posted by Britannia Radio at 20:52