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Sunday, March 22, 2009

Asian Update

Its starting to look like Geithner's plan is starting to gain traction in Asia at least for the time being.

The Nikkei appears to be up, although earlier it opened lower.

Reuters: Asia stocks up as U.S. bad debt plan kindles hope
Asian stocks rose on Monday, with Japan's Nikkei at a one-month high, and oil prices climbed toward $53 a barrel on investor hopes a U.S. plan to rid banks of $1 trillion of toxic assets was closer to being implemented.

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