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Resource ID: #18412
Subject: Business
Source: Wall Street Journal (New York)
Affiliation: 
Date: 2022-10-17

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Description

The Wall Street Journal examines opportunities to buy cheap in a sinking economy. The story focuses on Cleveland business climate, and the steel industry in particular. The article points to acquisitions of cash-strapped companies by other having the money for new operations, but also finds that the risk is high. "Those that have the resources often don;t have the stomach to buy much of anything, regardless of its long-term potential," the Journal reports.

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