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Economy Stubbornly Refuses to Slide Into Depression

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THE NEW ECONOMY
DailyFeed
Investor Warren Buffett told Yahoo News yesterday that he believes the U.S. economy is still in a rebound. In an interview webcast, he said he does not believe a double-dip recession is likely and that Paul Krugman was wrong when he wrote that the U.S. has entered the early stages of a third depression.

Funny, that was the same impression held by the proprietors of a mom-and-pop quilt and linen shop in my New York neighborhood. For months the shop posted hand-written "Going Out of Business Sale" signs in the window. And one day, this:

POSITION:  No positions in stocks mentioned.

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