Financial Roadmap for August 4 to 8, 2008:

The economic indicators and scheduled events this week are all over the map with numbers due out in retail, wholesale, housing, manufacturing, consumer confidence and employment plus central bank announcements with potential to stir up Forex markets.

Rolling Recessions Bring Bernanke, King, Trichet Monetary Policy Paralysis

Recessions are threatening to crash over the world economy in waves, as one country after another turns down a year after the onset of the global credit crisis.

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U.S. Consumer Spending Probably Slowed in June as Boost From Rebates Faded

Consumer spending probably slowed in June as the boost from tax rebates waned, signaling near-record gasoline prices and a weakening labor market hurt households, economists said before a report today.

Japan July monetary base -0.7 pct yr/yr - BOJ

Europe's Economic Slump Widens

Manufacturing contracted in most of the euro zone as tight credit and high oil prices stoked recession fears.