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The Sputtering

By The Daily Dish

Jun 9 2009, 2:43 AM ET

Barry Ritholz thinks consumers are still over-leveraged:

Two thirds of the economy is dependent upon consumer spending, Oil is now ~$70 a barrel (gasoline coming up on $3), and the consumer’s ability to borrow, tap equity, or otherwise live a profligate, unfunded lifestyle has been radically crimped.


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