In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy!
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Between 2000 and 2007 the average American increased his personal consumption by 44%. This accounted for 77% of America’s economic growth during that period. Much of it was financed by debt. They blew 20% of this on consumption, 19% on sprucing up their homes and 44% on assets such as stocks.