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Economic Calamity? Calm Down
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Economic Calamity? Calm Down

Our Correspondent
Nov 21, 2007
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Economic Calamity? Calm Down
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There has been a great deal written since the US subprime mortgage crisis burst onto the global financial scene in the second quarter of 2007. The vast preponderance of the press is expecting a deep United States recession, which ultimately would spread to Asia because of the US consumer’s role as the world’s economic engine, leading, finally, to a glob…

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