U.S.: The Slowdown May Be Nasty But Short

Inventory control, a healthy job market, and the Fed will contain the pain

Without a doubt, the economic landscape looks foreboding right now. Consumers have lost confidence. Businesses are cutting back sharply, and investors are worried about future growth and profits. All in all, it's a painful picture. But there are reasons to believe that the worst of the slowdown will be limited to the first quarter, and that the second half will look and feel better.

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