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For many years, whenever any global economy threatened to run out of steam, the US consumer would step in to save the day. Now, it seems, the US consumer is tapped out — at least when it comes to personal consumption expenditures.
But looking at the action in the stock market today and over the past week or so, I wonder if the indefatigable US consumer isn’t simply shifting his attention to stocks. Dow 10,000? Must be a buying opportunity!
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Original Source: www.portfolio.com
6 Octubre, 2008| Economy |
@ 15:25
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