Dollar Heads for Biggest Weekly Drop Against Euro in a Month : ``There are further declines ahead for the dollar,'' said Antje Praefcke, a Frankfurt-based currency strategist at Commerzbank AG, Germany's second-largest lender.
World Bank warns of shift: STATE-backed sovereign wealth funds are likely to diversify their investments and move away from US dollar-denominated assets, a World Bank official says.
U.S consumer spending slows: U.S. consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.
Dr. Peter Morici: US Recession - Knocking down False Gods: The US recession is a wake up call. Americans need to confront some false gods--free trade, gas guzzlers and Wall Street.
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