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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

No Holiday for the Economy

It may be Thanksgiving eve, but there's still work to be done on the economy. Several economic indicators are expected out this morning. Here's what we'll be watching for:

At 8:30 a.m. we'll have weekly jobless claims and Oct. personal income, personal spending and durable goods orders. At 10:00 a.m. Sept. new home sales numbers are out.

Overseas, the European Commission has proposed a 200 billion Euro stimulus plan to revive growth and stabilize consumer confidence in the Euro zone, which officially entered a recession earlier this month. The two-year plan would require the 27 governments in the EU to spend the equivalent of about 1.5 percent of EU GDP.

In Asia, most markets were up after another positive day for U.S. markets, which notched their third consecutive day of gains. Hong Kong's Hang Seng was up 2.2 percent, while Japan's Nikkei was down 1.3 percent.

By Washington Post editors  |  November 26, 2008; 8:08 AM ET
Categories:  The Ticker  
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Comments

I think we best be getting on with the promise of making America energy independent.Iran just asked OPEC to reduce production by yet another 1.5 to 2 million barrels per day.This past year and the record gas prices played a huge part in our economic meltdown and seriously damaged our society.We keep planning to spend BILLIONS on bailouts and stimulus plans.Bail us out of our dependence on foreign oil. Make electric plug in car technology more affordable. It cost the equivalent of 60 cents a gallon to drive an electric plug in car. The electric could be generated from wind or solar. Get with it! Utilize free sources such as wind and solar. Jeff Wilson's new book The Manhattan Project of 2009 Energy Independence NOW outlines a plan for America to wean itself off oil. We need a plan and we need it now!


Posted by: BeyondGreen | November 26, 2008 1:41 PM | Report abuse

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