'Growth Recession' Latest Bad News for Faltering US Economy -July-29-2011--

'Growth Recession'

Latest Bad News for Faltering US Economy

July-29-2011--“Growth recession” is a term that means the economy actually is growing but not at a fast enough pace to head off rising unemployment, which is at 9.2 percent and trending higher.

In addition to all the other ignominy heaped upon the US economy comes the latest insult Friday—confirmation of a

“growth recession” that foretells a long, ugly road ahead.

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