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US consumers not spending their way out of a recession

posted by Avatar sassy 1277 days ago in USD, Fundamental, Consumer made popular 1277 days ago

Signs that more trouble is stacking up for the world's largest economy came thick and fast yesterday, as government figures showed US consumers cut spending during October at the steepest rate in more than seven years, claims for jobless benefits remained high, housing sales fell further and orders for costly manufactured goods plummeted.
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