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IPFS News Link • Economy - Economics USA

Banks Overexpansion Hits Brick Wall of Reality: Point of Negative Returns

07-30-2009 • Michael Shedlock / Mish

"If Bernanke is correct that it takes 2.5% GDP growth just to keep the unemployment rate constant, and McKinsey is also correct in its 2.4% forecast, we will be stuck with 10% unemployment for decades."

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Reported By Jack Gregson

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Banks Overexpansion Hits Brick Wall of Reality: Point of Negative Returns

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