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China and U.S. serve as buoys amid European crisis.
Rise in expenditures suggests companies see economy improving.
B of A chief strategist says "It's D.C. that keeps me up at night," at Treasury & Risk's annual conference.
Commodities undergo rout amid concerns about slower growth.
Business economists say fewer companies plan to hire, raise prices.
Sputtering economy and pullback in financing limit transactions.
Bernanke predicts increasing Fed use of public communications.