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How could investors possibly be surprised that the U.S. economy is in recession? This is animal spirits in action, folks: Investors were in full retreat yesterday, sending stocks tumbling after a panel of economists confirmed that the country has been in a recession for about a year. ') ; // --> The markets traded in ...

How could investors possibly be surprised that the U.S. economy is in recession? This is animal spirits in action, folks:

Investors were in full retreat yesterday, sending stocks tumbling after a panel of economists confirmed that the country has been in a recession for about a year.

The markets traded in negative territory all day as investors sold off shares to lock in profits after last week’s rally. But the losses accelerated after the National Bureau of Economic Research, a nonprofit group, said a recession began in December 2007.

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