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« Consensus Economic Forecast Lowered, But Manufacturing on the Mend | Main | Fed Discount Rate Cut: What They Are Doing »

August 16, 2007


Rob Kremer

While the level is not at an all time low and the steepness of the drop not quite unprecedented, what does look unprecedented is the length of the rise from 1990 to 2005. No other period had such a sustained rise.

Does that say anything about what might be the length of the slump?

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