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The new CEO says this is a rare opportunity for huge gain with almost no risk.
U.S. consumer consumption would decline (which has now happened for more than a year) as home values flattened, and then declined, because there would be less home equity to be used for buying stuff.
The U.S. bail-out package is for purchasing distressed assets that have questionable value. That is not what Berkshire Hathaway did.
The U.S. is confirmed to be headed into a recession (if not already there [article here].) But beyond the U.S., the economies of the developed economies in 2009 is expected to grow .6% -the weakest since 1982.
People started wondering if Walgreen’s could keep growing once it had to drive more revenue out of existing stores – rather than just opening new ones.
The USA has been dominated by the conservative economic agenda since the landslide victory of Ronald Reagan.
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