A Year After The Crisis, The Consumer Economy Is Dead

11/08/2009 05:12 am ET | Updated May 25, 2011

WASHINGTON -- One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes.

Historians will look to September 2008 as a watershed for the U.S. economy.

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