US housing market is tanking, banking fiasco darkens outlook: Friedman

"I've been on the planet for long enough to know this is not normal, and this is dangerous," he said.

The business leader also urged the Federal Reserve — which has hiked interest rates from nearly zero to upwards of 4.75% over the past year to crush inflation — not to strangle the economy.

No surprise there, that's what happens when you put all your eggs in one basket!

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Asian Stock Market: Shows recovery as US banking jitters ebb, oil juggles below $74.00Markets in the Asian domain have shown a decent recovery as fears of a potential United States banking crisis have receded and escalating chances of a
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