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Audio-Ritholtz says economy in “slow-motion slowdown”
Wall Street strategist Barry Ritholtz said the U.S. economy is in a gradual slowdown, and that jobs recovery is the worst since World War II. “I called this the slow-motion slowdown,” Ritholtz, chief market strategist at Ritholtz Research & Analytics, told the Reuters Investment Outlook 2007 summit. He said chief executives have been reluctant to make investments and have limited their hiring and purchasing.