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  • Is the U.S. Consumer Really Dead? [View article]
    The US consumer has been the foundation for our economy and the growth of many foreign economies. Supporting this spending habit has been mortgage equity withdrawals and balooning credit card and installment debt.

    Now envision a scenario in which unemployment increases to 9% to 10% and credit is curtailed and/or reduced. It is exactly this we are in the midst of and it will be some time before the consumer regains his footing.
    Jan 06 10:35 am |Rating: +3 -2
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