The US has finally declared yesterday that it is officially in recession according to the National Bureau of Economic Research and has been since December 2007. This is based on a number of measures including job losses, declines in personal income, and declines in real GDP. This impacts the world's economic milieu so I was pleased to find this article that First Country Financial , a local Philippine bank, is actually giving away Louis Vuittons with a P400,000 ($8100) deposit for two years. Leave it up to the brand-conscious Filipinos to come up with this "scheme" to attract potential clients. LVoe it!!! For actual article, click here.
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