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Good ol’ American spending likely to return (access required)

by Rebecca Tonn

Published: July 31,2009

Time posted: 9:41 am

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Recession might have permanent, albeit small, impact on consumer attitudes American consumers were gleefully snapping up HDTVs, designer shoes and sport sedans — then the recession hit. Economists and consumers for the doom-and-gloom team have called it the next Great Depression. Optimists see the 19-month recession, the longest since World War II, as something the nation can ...





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