iBankCoin
Joined Nov 11, 2007
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Rickards: Double-Dip Recession Likely and so Is Depression

“Despite improving economic indicators, the U.S. economy remains at risk for a double-dip recession, which would indicate the country is likely mired in depression, says James Rickards, a hedge fund manager and the author of “Currency Wars: The Making of the Next Global Crisis.”

Unemployment rates and initial jobless claims are falling, growth rates are up and so are stock prices.

That doesn’t mean the country is out of the woods by any means.

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