From Arabianmoney.net: It was hardly surprising that the comments in the Beige Book by the Fed that the US recovery may take five to six years contributed to a 2.9 per cent fall in the S&P 500 by the close on Friday.
There was also news that US price levels have fallen for three months in a row for the first time since the 1930s. Deflation is back. This is the stuff of a depression not a recovery....read on
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