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Dollar Bear: The Ticking Credit Card Bomb

May 9, 2008 · Filed Under US Stocks and Markets · Comments 
by Peter Schiff Baltimore — (TFN): For those holding out hope that the American economy can miraculously avoid a long and deep recession, consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week’s report showing $15 billion growth in consumer credit was widely heralded as [...]

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