Visit the Shaks

  • Shak In Style
  • Shakhammer
  • Love Shak, Baby
  • LoanShak
  • ShakYard
  • WorkShak
  • Shaktronics
  • Shak & Jill
  • Animal Shak
  • Shak & Jill


    Join Jill for savvy Real Estate discussion.
    visit the shak!

    Did you know?


  • From 2001 to 2005, the average homeowner saw the value of his or her house jump by more than 50 percent.
  • read all shaktoids!

    « | Main | »

    November 10, 2008
    Monday Morning News: AIG Gets New Deal, Chinese Economic Stimulus

    Ah, the weekend. I go and relax, and try to avoid the news — especially financial news. And then Monday comes along and I get to find out about all the stuff that took place over the weekend. Just because I’m relaxing doesn’t mean that the news makers are.

    Today, I woke up to find that AIG is getting a newer bailout package – one that puts the total up to $150 billion, luxury retreat and other silliness notwithstanding.

    The other interesting bit of news is that there is a Chinese economic stimulus package in the works. China announced a $586 billion stimulus package. And, since the U.S. is nowhere near that (hint: the $700 billion rescue doesn’t count as a stimulus), it is likely that another stimulus package is on the way from our own government.

    Finally, I thought I’d share this interesting graphic that Green Pastures brought to my attention:

    Revenuevsspend_4

    Happy Monday!

    Technorati Tags: , , , , ,

    Add to: del.icio.us  Digg  Face Book  stumbleupon  technorati
    TrackBack

    TrackBack URL for this entry:
    http://loanshak.com/2008/11/monday-morning.html/trackback

    Post your comment