The stock markets ended this week with big gains, likely brought about by news that newly appointed Treasury Secretary, Timothy Geithner is going to announce his stimulus plans for the banking sector on Monday.
According to an excerpt from a MarketWatch.com post today:
Geithner “will explain how the financial stability plan will be critical in supporting an [...]
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Remedy for Economic Contraction
According to today’s Associated Press report:
Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe contraction” and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs.
The AP also reports – To brace the economy, many analysts [...]