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Unformatted text preview: dismissed in November. Some economists predict that the economy could lose as many jobs in the first six months of 2009 as the entirety of 2008 (NY Article). Who are benefit from this recession? Those who benefit from the downturn could be those still willing to take a trip to the mall, where they will find deep discounts on a range of products. First-time home buyers may also find deals, as long as they can obtain a mortgage no easy task in a time of tight credit. Americans who are lucky enough to still collect a paycheck are likely to save more, cut back on luxury items and restaurants, and channel more of their income into savings accounts for college and retirement....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05