- The University of Michigan's consumer sentiment index fell from 69.5 to 63.2, the lowest since 1982.
- Results from industrial bellwether General Electric missed estimates, re-igniting concerns that corporate profits would not escape financial market turmoil.
- YoY Japan’s producer prices rose 3.9%.
- Greenspan says the U.S. economy is in recession, adding it would be appropriate to use public funds to reverse the effects of the nation's credit crisis.
- (WSJ) Bush and his wife paid $221,635 in federal taxes on income of $923,807 for 2007, a year that included an advance for a children's book. The Cheneys' taxes were $602,651 on $3.04 million in income.
- Lehman repackaged some of its unsold buyout loans into a new security that it used as collateral to obtain cash loans from the Fed. Other Wall Street investment banks, known for their “ingenuity”, are expected to follow suit.
- Europe's cocoa grind rose 4.7% YoY.
- Statistics says South Africa’s gold production fell 28% YoY
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