Overall, economic data from America, Europe and China are weakening. Consumer and producer confidence is fairly low in many places. Bank of America CEO Brian Moynihan sees that, compared to last year, consumers are significantly less enthusiastic about spending money. At the same time, Moynihan — whose bank has around 69 million customers — was relatively optimistic and does not see the U.S. entering a recession this year. This was initially his economists’ expectations. But earlier this month investors were quite jittery. Stock markets worldwide took a big hit, Japan's in particular. These losses have since almost or completely been recovered. Is this justified, or is a sharp det
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