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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (64983)4/2/2007 6:10:45 PM
From: RealMuLan  Read Replies (2) of 116555
 
The Real Economic Threat: Weak Capital Spending
Corporate caution could jeopardize job growth and consumer outlays
businessweek.com
What's the biggest threat to the economy? The housing slump, right? After all, therein lies the greatest potential to derail consumer spending. Well, think again. Amid all the headlines about builders' woes, sagging home prices, and shaky subprime mortgages, there's some trouble brewing in another sector, perhaps more crucial to the outlook: capital spending.
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