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Posted AT 8:30 AM EDT on 15/04/08

Sour economy casts pall on sunny Florida

Reuters

MIAMI — Economic data continues to suggest that fears of a new “Great Depression” in the United States are overblown. But in places like Miami and Fort Lauderdale, where the housing bust has bitten hard and prices are rising fast, the spectre of economic stagnation twinned with inflation looms all too real.

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