International News

The Commerce Department announced yesterday that U.S. consumer spending had stalled in June Moreover, their personal incomes have also stalled. That had not happened since September 2009. The savings rate to its share rose to 6.4%, its highest level since June 2009. This confirms the alarming resurgence of conservatism in America. At a time when the beneficial effects on the growth of restocking businesses disappearing, the fragility of the recovery in the United States is obvious.

• The recession is already here, says a renowned economist
• The wait-dominated Asian market
• Optimism on Wall Street
• "The markets expect too much from Fed
• Tough session on Wall Street