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Are we heading towards another recession?
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January 26th, 2016
The stock market has been heading downwards for the last few weeks. Our supposed recovery from the last recession is not all that convincing, especially given the people who had to accept lower paying jobs and the people who don’t count as unemployed because they have stopped looking for work. Wealth is more unequally distributed than any time since the Depression.
The same economists who failed to predict the last recession keep saying there is nothing to worry about. Why should we believe them?
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