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(Reuters) - Australia's Westfield Group isn't expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due to an uncertain outlook for the U.S. economy along with the global credit sector.



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I think consumer spending has rebounded a little faster than I imagination. People are more optimistic and cautiously spending. Still, it's those a long and slow period of grinding recovery.



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"There aren't an indications how the U.S. economy is getting into recession. I'm fairly bullish as the actual marketplace is fairly valued," Peter Dunay, your time and money strategist at Leeb Capital Management in New York, told Bloomberg.

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