As this document was drafted in April of 2004, many of the specific facts and figures have changed. However, the fundamental processes and trends remain accurate to this day, and many of the predictions are already coming to pass. The economic recovery has still not conclusively taken off or slipped back into recession, but the factors that allowed some breathing room for the economy are rapidly disappearing. The effects of Alan Greenspan’s recent interest rate rise - in an effort to counter inflation - cannot yet be predicted. With energy prices cutting into consumer spending, the industrial sector is once again shedding jobs, and the economy is producing less than the bare 150,000
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