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Wachovia Chief Economist Uses The "R" Word PDF Print E-mail
Monday, 10 September 2007

The probability of recession has increased pretty dramatically,” says John Silvia, chief economist at Wachovia. The first monthly fall in employment in four years has undermined one of the few remaining pillars of the economy – a strong job market – that policymakers thought they could rely on to support consumer spending. See the full story at Financial Times web site.

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