New data shows potential economic crisis rivaling Great Depression
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New data shows economic indicators similar to Great Depression, potentially signaling massive crisis.
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Inflation remains high despite Fed interest rate hikes due to continued government spending.
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Money supply has sharply declined, which previously only occurred during Great Depression.
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Lower savings rates and increased debt signal reduced money availability is straining families.
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Reducing government spending necessary to curb inflation and avoid economic catastrophe.
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