Wednesday, January 28, 2009

Quick Overview

  • Obama said he's confident he will get his $900 billion economic stimulus bill approved.

  • (Reuters) - The Federal Reserve on Wednesday said it is prepared to buy long-term government debt if that would help improve conditions in financial markets and signaled some concern that deflation risks were rising.

  • Global survey taken among leaders of major companies around the globe has found deep pessimism. Just 21% believe that revenues will climb in 2009. (Hmmm)

  • The U.S. Department of Energy said:
    Supplies of crude oil rose 6.2 million barrels last week to 338.9 million
    Supplies of gasoline fell 100,000 barrels
    Supplies of heating oil fell 1.9 million barrels.
    Refinery use fell from 83.3% to 82.5% of capacity
    Gasoline demand fell 1.7% YoY
    Distillate demand fell 3.0% YoY.

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