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Ready to roll, presses in 2006 will be driven two-thirds by “now-or-never” consumer spending and first-in-history “wealth effect” redemptions of real estate. Previously sidelined intergenerational wealth, plus inbound repatriation of a more than $800 billion trade deficit, will push gross domestic product (GDP) growth to more than 6.5 percent, versus 3.8 percent growth in 2005 and 4.4 percent in 2004.
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Vincent Mallardi
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Vincent Mallardi, C.M.C., is a the chairman of the Printing Brokerage/Buyers Association International (PBBA) and is a Certified Management Consultant in the paper, printing and converting industries. He is also an adjunct professor in economics. Contact him via email at vince@pbba.org
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