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Unformatted text preview: III. replace that source of demand? a. the Chinese consumer b. Chinese save about a quarter of what they earn IV. Why save? a. Consumers lost their net worth b. resuscitate their retirement accounts or childrens college c. save to buy home V. Microwave= luxury item a. realizing they cant accumulate everything b. That may be hard for a lot of brands VI. Ms. Kennedy home buyers a. Didnt buy=good b. A couple years ago it would have been easier for us to get a loan...
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- Spring '10