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Retooling for Recovery

We’ve all heard plenty about how consumers drive the U.S. economy. They generate two-thirds of economic activity, after all. It turns out that manufacturers of big industrial equipment are aware of this fact. So, when consumer spending nosedived in 2008 and 2009, heavy-duty equipment makers ran for safety by warehousing inventory, laying off workers, and postponing repairs, upgrades, and purchases.

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