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  • It's the economy, stupid.

    06/12/2008 6:04:19 PM PDT · by lyoness · 29 replies · 230+ views
    PitNews.com Futures News ^ | 6/9/2008 | John Caiazzo
    "It’s the economy stupid". Unfortunately there are additional elements affecting the U.S. and global markets besides the recessionary economic trend. As the U.S. economy goes, so go the economies of it’s trading partners globally. The U.S. is the consumer of the world and if the U.S. consumer does not buy, it’s trading partners do not sell. It is as simple as that. I have been almost annoying in my admonition for the past year that the U.S. economy was headed for recession. It has arrived with a vengeance. I am no longer the "lone voice in the wilderness" as others...