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Articles: recession (3)

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Former BP geologist: peak oil is here and it will 'break economies'

Industry expert warns of grim future of 'recession' driven 'resource wars' at University College London lecture.

Deficit Reduction = Recession

The math is not difficult. The US has an annual GDP of $14 trillion, and the nation’s current $1 trillion in annual deficit spending is seven percent of its GDP. Growth in GDP has recently been running at about two percent annually (though in the last quarter of 2012 the economy actually …

How “Different” is the Recovery from the Financial Crisis?

The slow recovery from the financial crisis and recession of 2007 – 2009 has become a centerpiece of the Presidential election. In last Tuesday’s debate, Mitt Romney, picking up on a theme that has been emphasized by John Taylor, contrasted the current slow recovery with the much …

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