Behavioral Shifts Threaten U.S. Growth
We are witnessing a profound change in the behavioral patterns of American businesses and consumers. On the consumer side, a reluctance to use credit and fear spurred by high unemployment and the declining Stock Market have resulted in an increasingly uneven spending pattern. Businesses, meanwhile, have been reluctant to make long-term capital investments and to hire new employees. These shifts in behavior have led to an increasing number of Americans becoming pessimistic, ultimately threatening long-term U.S. growth. Morris Segall discusses these behavioral shifts on The Baltimore Sun’s website at http://bsun.md/nYz3HK
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