Saturday, June 27, 2009

Stocks down, savings up and China wants a world currency

BLOOMBERG, 6/26/2009 - U.S. stocks fell, giving the Standard & Poor’s 500 Index the first two-week decline since March, after the highest American savings rate in 15 years spurred concern that consumer spending will slow and oil retreated. The dollar dropped after China’s central bank reiterated a call for a worldwide currency. Read more at Bloomberg...

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