Tuesday, July 28, 2009

The U.S. Economy May Recover, But it Sure Won’t Feel Like it

Trying to see recovery coming on the back of consumer spending without real, long-term, job creation begs the question; where's the money supposed to come from?

http://www.moneymorning.com/2009/07/27/us-economy-3/

"...high consumer debt levels and fears about escalating joblessness – are likely to hold down consumer spending, which through the years has become an increasingly crucial element of the United States’ economic firepower..."

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