But Oshkosh made the same kind of mistake that many other well-run companies made at the height of the sub-prime housing boom, buying deep into the construction equipment sector at the top of the market and then suffering a staggering collapse in demand that impaired its capacity to meet debt obligations.

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He has also expressed his deep concern over rising inequality in India despite the economic boom.

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Sunbelt boom states like California, Arizona and Nevada were already heading into deep recession, but green Oregon seemed oddly golden.

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