On the Horizon: The Day Ahead: October 21, 2008

Day In Review: • Bernanke gives support for second stimulus package, but cautioned on raising taxes amid a general economic slowdown • Treasury Secretary Paulson urged banks to seek capital from the US government • The snail like pace of improvement in credit conditions continued which gave equities a lift to pen the trading week Day Ahead • No macro economic data on deck for Tuesday • D-Day as Lehman CDS are settled. • Bank of Canada monetary announcement • Australian CPI to be released • ICSC Store and Redbook sales • 4 and 52 week treasury auction Joseph Brusuelas Chief Economist VP Global Strategy Merk Investments LLC Merk Investments LLC is the manager of Merk Mutual Funds, including the Merk Asian Currency Fund and the Merk Hard Currency Fund. The Merk Asian Currency Fund invests in a basket of Asian currencies. Asian currencies the Fund may invest in include, but are not limited to, the currencies of China, Hong Kong, Japan, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiw...

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