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Will Sub-prime Storm Lead to American Recession

The economic data of America after sub-prime storm is weaker than before, which worsens the market confidence and brings recession argument. The biggest disadvantage of such extreme argument is the confusion of short-term fluctuation with long-term trend. Combining the structure character and history of American economy with current change, this paper thinks that the possibility of recession is tiny because of the strong long-term consumption, the changeability of investment and the less GDP contribution of net export.
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