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“In the Tank Forever”: U.S. consumers, retailers in a death spiral, according to Howard Davidowitz

August 28, 2009

From Yahoo! Finance, here is a rather pessimistic interview with Howard Davidowitz about prospects for retailers and the U.S. He actually goes so far as to say “We are in the tank forever. As a country we are out of control, we’re in a death spiral.” To say the least, I hope not, but it is apparent we need to make a lot of changes – and not the type of changes we seem to be getting.

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