The Mother of All Bailouts (MOAB) continues to grow: U.S. may prop up housing further via Fannie, Freddie; Unlimited support may presage more aggressive action in mortgage markets. (A tip of the hat to Randy F. for the link.)
Adjusted for Inflation Dow’s Gains are Puny. (Thanks to James B. in Colorado for the link.)
Items from The Economatrix:
Retailers Stores Thinly Stocked, Profits Won’t Be
Stocks Edge Higher As Shoppers Step Up Spending
Holiday Sales Rose Estimated 3.6%
“Reasonably High Chance” Economy Will Contract in 2010
Cash-Strapped US Running Out of Unemployment Money
Home Equity Lines Of Credit Have Dried Up All Over the US
Oil Hits Five-Week-High on US Cold, Optimism