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The market is still not pricing in a recession; should drop another 20%

Analysts look with concern at historical precedents.

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The market is still not pricing in a recession; should drop another 20%

Analysts look with concern at historical precedents.

Albert Edwards, the veteran analyst at Société Générale who is usually noted for his pessimism, insisted yesterday that "a recession in the United States seems imminent" and doubts that the stock markets have discounted this scenario, despite the falls in the last

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