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The Recession Clock is Ticking

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Headlined to H2 10/20/13

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The FRED series, Total Credit Market Debt Owed by Domestic Nonfinancial Sectors -- Federal Government, is now known as Federal Government; Credit Market Instruments; Liability.
(image by St. Louis Fed)

In the June 12, 2013 post titled, 'This graph predicts the future. What does it tell you', we showed you this graph. And we asked four questions: 1. What does the federal government do in the years leading up to recessions? (Answer: Cut growth in deficit spending) 2. What does the government do that cures recessions? (Answer: Increase growth in deficit spending) 3. What is the government doing now? (For a clearer picture, the next graph is a closeup of the most recent past) 4. Why is the government cutting deficit spending growth, despite overwhelming evidence this causes recessions? (Because of the false premises that the federal government can run short of dollars, or by creating dollars, could cause inflation.)

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Well, Business Week's  cover story is how the... by Scott Baker on Sunday, Oct 20, 2013 at 5:17:33 PM