We've got problems. A number of structural issues -- from Europe's woes to the federal debt problem to stagnant job growth and still-falling home prices -- will likely push the American economy dangerously close to a new recession in 2012. Much of Europe and Asia are already there. Indeed, a coalition of Europe's major economic institutions said Wednesday that the eurozone is already in a recession.
Source: http://www.realclearpolitics.com/2012/01/12/fed039s_talk_of_qe3_is_dangerous_271149.html
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