http://www.reuters.com/article/bondsNews/idUSN0826726720080208?sp=true

"NEW YORK (Reuters) - The U.S. economy has entered a recession that
will be more painful and drawn out than the usual downturn, the
director of the Reuters/University of Michigan consumer sentiment
survey said on Friday.

Inflation pressures will linger despite the retrenchment in consumer
spending, complicating the task of policy-makers, the University's
Richard Curtin said in a report, citing data from industry group The
Conference Board."

Yup.
we're all f***ed.

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