Monday, October 20, 2008

Quick Overview

  • Bernanke endorsed a new economic stimulus package -- Bush is open to the idea.

  • YoY China's economy expanded at 9% in the third quarter.

  • Sweden became the latest European economy to introduce a bailout plan to support its banks.

  • Canada wholesale sales fell 1.5% in August

  • U.K.'s budget deficit out at 37.6 billion pounds in the first half of 2008-2009.

  • India cut its discount rate from 9% to 8%.

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