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Friday, March 13, 2009

americans lost vast wealth

The combination of a collapse in the housing market and the downfall of the dow causes people to have less money. In fact, americans lost more wealth in the last three months of 2008 than was created in the previous six years.

In other news, Chinese Premier Wen is worry about US bonds and wishes to reduce China's exposure to american currency. They want US to stop spending so much.