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    • Selling stampede shuts Tokyo stock market

      Posted by Jeff from MSNBC

      "Livedoor, a favorite of small investors, was raided by prosecutors on Monday. The firm is suspected of fudging financial reports and spreading false information to boost its share price. News of the raid extended a sell-off that has wiped out more than $300 billion in shareholder value -- about equal to the gross domestic product of Sweden -- in just three days." Could this precipitate a drying up of Asian funders for the U.S. deficit? That would spur interest rates and recession.

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