Recessions in U.S. May Be More Frequent and Severe, Soss Says

'New Normal' Nowhere In Sight
Productivity growth is strong, monetary policy is easy, inventories are thin and corporate profits are growing.

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Recessions in U.S. May Be More Frequent and Severe, Soss Says
The fallout from the worst recession since the 1930s means U.S. contractions will be more frequent and severe, according to Neal Soss, chief economist at Credit Suisse in New York.

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