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US economy looks 'rosy' despite obvious recession

Story date: 2007-10-11 01:23:00
Added on: 2007-10-11 05:46:47


Pravda - First, if, as seems likely, the mortgage and CDO portfolios of investment banks are not in such bad shape as feared, credit markets could see a quick turnaround, the evidence of which was already there last week in the easing of LIBOR spreads on Fed ...


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