The US economy will slow sharply in the second half of the year and the risk of it going into recession cannot be ruled out, the OECD has warned....
But [OECD chief economist Jean-Philippe Cotis] stressed that circumstances could be different this time around because of the continued strength of household spending in the US.
"So far consumption has remained resilient despite the contraction in real estate markets," Mr Cotis concluded.
(US economy 'heading for slowdown' - BBC News)
Resilient Consumption 'r' us, Bunky, don't you forget it. (Which is, BTW, one of the reasons I'd better get some work done today.)
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