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To: goldworldnet who wrote (438472)8/2/2011 2:05:47 AM
From: TimF1 Recommendation  Read Replies (1) | Respond to of 793978
 
but also to excessive consumer spending

I'd agree with excessive defined in terms of too much debt to maintain that spending. Excessive debt is often a big part of the economic cycle, and is part of the more recent recession, and the slowness of the recovery from it.