Economics Update

More signs of a recession, durable orders just dropped 4.5%, initial jobless rose by 32,000, to a 7 year high, and existing home sales fell by 2.2% in August.

Meanwhile, the dollar has fallen, largely on concerns about the bailout deal.

Meanwhile, banks are borrowing in excess of $110 billion a day, 39.36 billion from commercial banks, and $88.15 billion from investment banks.