Households, companies, bankers, government regulators just about everyone became more

Households, companies, bankers, government regulators just about everyone became more cautious and, in economics jargon, “risk averse.” Consumers skimped on spending; companies limited hiring and investment.Technological advance, an engine of growth in the 1990s, also seems to have faltered. Economist Robert Gordon of Northwestern University argues that the information technology boom is weakening. A Federal…

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