Russia May Swap Some U.S. Treasuries for IMF Debt : -- Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower. The next great crisis: America's debt: At this rate, your share of the load will be $155,000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse. Unemployment at 10% to Depress Consumer Spending, Survey Shows: Surging unemployment in the U.S. will delay a recovery in consumer spending and mute the rebound when it does materialize, according to a Bloomberg News survey. Median home prices drop below 1989 levels : Properties in several areas are selling for less than they did 20 years ago, and that's not including inflation. Some first-time buyers are nabbing houses for less than what their parents paid.
Thursday, 11 June 2009
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