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COPYRIGHT 2001 The Dallas Morning News
Byline: Angela Shah
Mar. 26--The new economy utopia has gone kaput, reversing direction and undermining the stability enjoyed by Americans for much of this decade.
Companies have shuttered. Consumer confidence seesaws. Employees lose jobs and the stock market sadistically seeks new lows. Dot.com bubbles across America have gone pop, pop, pop.
The roller coaster has left many Americans queasy and fearful of what could come next. Today's economy is in transition, some economists say, and transitions tend to be bumpy.
"We're in the third stage," said Thomas Kim, an economics professor at Hardin-Simmons University in Abilene. "When you are in a period of transition from one stage of economic development...
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