- consumerdurablesUSconsumerpreferencesshiftingfromdurablestoservicesRunningat50-yearlowsbelowtrend.Movefromdurablestoservicesconsumptioncouldbebig.durablegoods;durables:Anyconsumergoodwhichhasasignificantlifeandwhichisnotthereforeimmediatelyconsumed.B...
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- consumerdurablesFirst,theU.S.hasenteredasevererecessionthatisalreadyleadingtodeflationaryforcesinsectorswheresupplyvastlyexceedsdemand(housing,consumerdurables,motorvehicles,etc.).Householdspendingwillfallmuchfurtherthanithastodate,andsalesofhomes,ca...
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