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How economists identify recessions and stagflation (Video)

How economists identify recessions and stagflation (Video)

Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O’Grady has more on recession risk signs.

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How economists identify recessions and stagflation (Video)

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