- The G20 pledge of support for the global economy has had little effect in stemming investor concerns. Markets are looking for action, not pledges. From the Financial Times.
- Global economic data releases raised the odds of recession in the Euro-zone and North America. From the Wall Street Journal.
- FedEx confirms the weakening in global shipments. The company is cutting capacity and trimmed its earnings forecast. From the Wall Street Journal.
- European banks cut back US Dollar loan portfolios as funding gets more difficult. From the Wall Street Journal.
- Some good news for contrarians: Several market surveys show bearishness amongst equity money managers approaching 50%. From the Wall Street Journal.
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