Commentary: Why A Second Half Slump Could Still Kick InBy
The U.S. economy is teetering precariously on the edge of a sharp divide. On one side, all the ingredients are in place for a truly nasty recession as a slumping technology sector, a slowing economy, and a falling stock market feed off one another. On the other, Federal Reserve Chairman Alan Greenspan, with his bold move to cut interest rates, is clearly willing to act aggressively to prevent an economic unraveling.
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