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Credit Crunch A Problem, But Not A Crisis

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Credit Crunch A Problem, But Not A Crisis

"Wall Street remains caught in a tizzy over a power outage in the credit markets. But Main Street is in fine economic shape, according to the latest reports out of Washington.

Industrial production — one of the most important coincident indicators out there — is steadily rebounding. Overall, it’s up 2.9 percent annually over the past three months. Manufacturing is up 4.7 percent. Auto output has increased 19.4 percent. Computers and office equipment are up a whopping 25 percent."  ...........more


Message Edited by masdeocho on 08-22-2007 05:21 PM
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