Mirae Asset says 50-50 chance of recession in US

PUBLISHED ON: September 8, 2011 | Duration: 10 min, 17 sec

   
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Bill Belchere, global economist at Mirae Asset Securities, says there is 50:50 chance of US going into recession but believes that the nation will avoid it going forward. He says the US Fed can reduce rates on reserves to encourage lending.
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