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What's Good for Consumer May Not be Good for Overall Economy

Last Updated: February 08, 2010

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Three decades ago our behavior in the economy began to change. First, our wealth started to rise.

Released February 5, 2010

RALEIGH, N.C. — Understanding a problem is the first step to solving it. So when we look at the overriding problem in the country today - the recession and the likelihood of a slow recovery - our initial task is to understand how we got here. Let me see if I can weave a story that makes sense.

The starting point is you and me - the consumer - for the simple reason that we drive the economy.


--continued on North Carolina State University news

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