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Spending's slumping, manufacturing's slowing, and delinquencies are rising. Warning signs for the US economy are piling up.

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Laurence Griffiths/Getty Images. There are lots of red flags for the US economy right now. R etail sales collapsed by the most since 2009 in December, while American manufacturing is in danger of entering a recession this year. American household debt just hit a new record high, meanwhile.

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