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APRIL 2012: Optimism, which was building a month
ago, is faltering in the aftermath of a disappointing U.S.
employment report. Spanish and Italian debt yields are climbing
once again – the European sovereign debt crisis is far from
over. In this month’s letter, Bill Longbrake reviews recent
developments and prospects for U.S GDP growth, and
examines trends in employment, income, spending and debt. |
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