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The sky is falling! The sky is falling! Or so many media reports about our nation's current economic condition seem to indicate.
One of the latest stories to scare people was an Associated Press report last Monday by Tom Raum and Daniel Wagner, who said we may now be in a depression, not just a recession.
Stocks tumbled most of the week - reaching 12-year lows Thursday - probably partially due to Raum and Wagner's report, as investors were selling and taking their losses, fearful that a depression like that of the 1930s was about to grip the United States.
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