The over-indebted U.S. consumer -- whose deleveraging process yet has to start -- will likely continue to put the brakes on consumption, while the savings rate continues to creep up," said Roubini, head of RGE Monitor and one of the few economists credited with seeing this recession coming.
http://www.marketwatch.com/story/consumers-unable-to-lead-economy-forward-2009-07-24?siteid=nwhpm
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