The crash that wasn't 

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I don't blame the doomsayers, I've been one myself — and from 30,000 feet up the data really does look awful. But economics tends to be a self-fulfilling prophesy in some ways, sometimes propped up by faith, hope and optimism, and occasionally knocked down by negativity and pessimism.

My money, and probably some of yours, is betting that MacLean's is wrong. I guess we'll know better in 12 months' time.

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