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I discussed business recently with a man responsible for midwest sales for a company that makes specialized machinery. About half their business is with companies who manufacture for the construction and home improvement industry, but the other half covers a broad range of manufacturing. He said his customers are still not making capital expenditures. He was especially concerned because the depreciation incentives which expire at the end of the year don't seem to be having any effect on his sales.

This may be just an isolated situation but it makes me wonder how broad the economic recovery really is.
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