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21st Sep 2015 12:01U.S., Economic Monitor

The economy is bifurcating. Manufacturing is weak, and likely will remain so for some time, though talk of recession in the sector is overdone. Even more overdone is the idea that the softness of the industrial sector will somehow drag down the rest of the economy, which is more than seven times bigger.

economy manufacturing home sales gdp home sales yellen fed

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Keywords for: 21 Sept. 2015 Don't Focus on Industry - The U.S. is a Domestic Services Economy

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