- Helicopter Ben is working hard. The Fed threw a massive $800 billion life-line to consumers with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards.
- U.S. GDP shrunk at an annual rate of -0.5% in the third quarter, down from the previous estimate of -0.3%.
- The U.S. GDP price index rose 2.7%.
- YoY U.S. Corporate profits fell 9.0%.
- The Conference Board's consumer confidence index rose from 38.8 to 44.9 in November,
- YoY S&P/Case-Shiller national index fell 17% in September.
- The World Bank predicted real GDP in China will be up 7.5% in 2009,
- Canada’s retail sales rose 1.1% in September.
- BHP Billiton scrapped its hostile bid for Rio Tinto because of slumping commodity prices.
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