Monday, December 08, 2008

Quick Overview

  • Stocks are up on signs that the automakers will be able to avoid bankruptcy and Obama’s proposed stimulus plan.

  • Housing starts in Canada’s fell 19% MoM.

  • The USDA estimates 2008-2009 world ending stocks of coffee at 39.6 million bags -- 29% of use.
  • (Bloomberg) -- World coffee consumption may outstrip production by as much as 8 million bags in 2009-10 because of the smaller crop in Brazil,

  • More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said.

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