Microsoft CEO Steve Ballmer sent on Monday one of his periodic public e-mails, outlining the business realities of what he called "the new normal."
"Today, people borrow less, save more, and spend with much greater caution," Ballmer wrote in the e-mail, which is sent to anyone who subscribes to the notes. "This is the new normal and it will be with us for some time to come. The issue now is how to respond."
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