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Unformatted text preview: 5, 2012 [“US economy’s repeat pattern has a silver lining,”
WASHINGTON — The U.S. economy looks set to deliver a repeat performance in 2012: For the third straight year, it may
suffer a swoon yet not slip into a recession. "I don't think the slowdown will be any more consequential than the past
two years," said John Ryding, a former Federal Reserve researcher who is chief economist at RDQ Economics in New
York. "There are positives out there in the economy. We'll avoid a recession." Household balance sheets are in better
shape, with indebtedness down about $100 billion in the first quarter, according to the New York Fed. Banks are more profitable:
Earnings have risen for 11 straight quarters, based on data compiled by the Federal Deposit Insurance Corp. Even
the housing market is reviving, with starts through the first four months of this year 24 percent higher than the same 201...
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