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u.s. economy, u.s. recession
(Image from article: "Wall Street tumbles as recession fears hit")

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U.S. families' debt loads decline to pre-recession levels

Consumer Debt

After a long period of consumer retrenchment, U.S. families have cut their once-out-of-control debt loads down to pre-recession levels, largely removing one major obstacle to a faster economic recovery.

 

Wall Street tumbles as recession fears hit

Wall Street tumbles as recession fears hit

Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data from China heightened fears about a global recession.

 

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