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2008-02-08 — cfo.com
'The extent of America's economic woes was underlined on February 5th when signs of abrupt shrinkage in service industries in January helped push the S&P 500 stock market index down by 3.2%, its worst one-day fall in almost a year. The previous day, the Federal Reserve published its latest quarterly survey of bank-lending officers, which showed that the credit crunch was getting even crunchier.'
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