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Buisness investment was negative last quarter but consumer spending was robust, we're a service economy now and people are going into debt to keep it growing. T
by 40acres 7y ago
Buisness investment was negative last quarter but consumer spending was robust, we're a service economy now and people are going into debt to keep it growing. The next recession will be caused when all these middle class folk are forced to deleverage or foreclose.
- thephyber 7y agoPlease let me know 1 month before that starts to snowball. Thx.