90 at 9: US bank crisis may last until 2013; NZ farm prices down 40%



Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news from Standard and Poor's that the US banking crisis could last for another four years and Barack Obama saying the US budget deficit is unsustainable. Also, news from New Zealand that farm sales were slow in April and the median farm price has fallen 42% from a year ago, although the small number of sales and the volatility in the number could skew the numbers.

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