Two Extremes, One Economy
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James Picerno submits: We've been writing for months that the recession appears close to a "technical" finale but that the recovery would be slow, sluggish and generally vulnerable for an unusually extended period of time. Two stories in the latest news cycle echo our long-running commentary. In fact, the pair of stories makes the point better than we could. First, Fed Chairman Ben Bernanke Tuesday stated: "From a technical perspective, the recession is very likely over at this point" but
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