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Shaken consumers cut spending

Closed wallets do little to stoke recovery

By Aparajita Saha-Bubna

 |  Globe Correspondent  

  August 11, 2011

“I’m buying everything less now, even food for my family,’’ says Pedro Lopez, 54, who is wary of being laid off. Consumers are a key reason policy makers and analysts are increasingly worried about the direction of the US economy.

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