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FRIDAY APRIL 11
Hell Is For Children...And Wall Street Apologies to Pat Benatar, but we would like to redefine the concept of hell. How about the U.S. federal deficit surging to a record $311 billion for the first fiscal half of 2008, followed by today’s bankruptcy of Frontier Airlines and the near-bankruptcy of Linens ‘n Things and, even though no one in the country seems to be buying anything, the U.S. trade deficit somehow shooting to $62.3 billion? And we are just getting started. Sheesh, even John McCain has about-faced on his genius hands-off housing-crisis plan. Here’s more from the latest survey of economists, who are no doubt taking a page from the IMF, the ECB, the BOE, the G-7 and the EIEIO. April 2008New User?Sign up to get free access to TraderDaily.com
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