- US Nov pending home sales down 0.7% (better than expect -3%)
- US new weekly jobless claim up to 573k (worse, 525k) , 26 years highest, but it is kind of expected, so no surprise;
- US Nov CPP rise 0.1% (same, 0.1%), no deflation
- US Nov PPI down 2.2% (worse, 2.0%)
- US Nov retail sales down 1.8% (better, -2.0%) and ex-auto down 1.6%;
- China Nov CPP up 2.4% PPI up 5.6%, further slow down but i think China's economy is ok;
Bank of Canada cut interest by 75 bps to 1.5%, but bank's prime interest only cut 50 bps to 3.5%, further interest rate cut will hurt banks interest margin;
12.18.2008
Econ data: 08 week 49
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