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That's recession
www.businessspectator.com.au
I'm calling it. The US recession began in Q4 2007. Q4 advance GDP was only 0.6 per cent on an annualised basis ( 0.15 per cent quarter-on-quarter), and revisions already implied by the factory orders report (out Monday) implied that this was cut to 0.3 per cent (or about 0.075 per cent quarter-on-quarter).

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