Economic News Weekend - August 24, 2008

Financial Roadmap: The Week Ahead August 25 to 29, 2008

This week's headline economic indicators will be all about consumers –
home sales Monday and Tuesday, consumer confidence Tuesday and Friday,
and personal income and spending Friday.

Home Resales in U.S. Probably Rose from 10-Year Low, Spurred by Price Drop

Sales of existing houses in the U.S. probably rose in July from a 10-year low as declining prices helped stabilize demand, economists said before a report today.

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Thai Economic Growth Slows for First Time in a Year on Weak Local Demand

Thailand's economic growth slowed more than expected in the second quarter, increasing the likelihood the central bank will soon stop raising interest rates.

Libor Signals Credit Seizing Up as Banks Balk at Lending in Money Markets

Most of the bond strategists and salesmen that Resolution Investment Management Ltd.'s Stuart Thomson talked to last August expected the credit crunch to be
long over by now. Instead, money markets show there's no end in sight, and it may even worsen.