Who said it?

'Basically, every piece of economic data has just been awful. This was a little less awful, but still awful' - John Canally, investment strategist and economist for LPL Financial in Boston, gives an ominous prediction that the US economy is on the verge of another meltdown, having suffered a serious blow on Wednesday after Moody's threatened to downgrade its credit rating.

Last Updated: 09 Oct 2013

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