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US economy heading into recession next year with stock market getting recovery wrong

Posted on 11 June 2013 with no comments from readers

With the Chinese economy crumbling and the eurozone falling deeper into recession, only the US and Japanese economies are holding up the global economy. What happens when the sugar rush of money printing is exhausted in Japan and the US begins to feel the true impact of the tax rises and spending cuts of this year?

State Street Bank & Trust’s Fred Goodwin discusses the likelihood of a global recession in 2014. He speaks with Susan Li on Bloomberg Television’s ‘First Up’…

Posted on 11 June 2013 Categories: Banking & Finance, Global Economics, Investment Gurus, US Stocks, Video Channel

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