Global Markets Down After U.S. Sell-Off

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At www.nytimes.com

After a relatively strong summer, consumer spending in the United States is expected to tighten, and business profits slow in the months ahead, analysts said. The dollar sank to a record low against the euro.“We are experiencing among our clients an awakening that the United States is in big trouble,” said Erik Nielsen, chief Europe economist at Goldman Sachs.

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