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| BG,DG, President Bush last night: "The government's top economic experts warn that, without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold." Reported this morning on CNN: McCain Economic Advisor told him: Economic Calamity like we have not had since the Great Depression. Durable Orders (30am(Eastern)...Durable Goods dropped -4.5%, twice more than expected. Intial Cliams 8:30am(Eastern)...up 32,000 week-over-week. The latest results were worse than were expected New Home Sales 10:00am(Eastern) Going with DOWN on Thursday,gl, baz |
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