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Credit Cancer Kills Prospects for Recession-Proof Global Economy

Publication Date: 17-DEC-08
Author: Tudor Van Hampton and Thomas F. Armistead
Format: HTML

    
Description:
When Caterpillar Inc.’s run of record sales and profits is over for the foreseeable future, you know the world’s economic condition is in bad shape. Contractors are hitting the auctions and used-equipment lots. For less-fortunate businesses, it’s liquidation time. Prices are plummeting, and producers are hunkering down.
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