Readings

Markets
Dow rally 11% with 900+ points to 9,387.61
SPX rally 11% as well
Gold @ $830-850
Oil back over 80's
Bulgarian Inflation for last 12 mo is ~13%

Bush to announce expanded bank bailout details
http://us.rd.yahoo.com/finance/finhome/topstories/apf;_ylt=AgKGesadaVVs1k.qmZeDhNa7YWsA/*http://biz.yahoo.com/ap/081014/financial_meltdown.html
The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night.

Capital Injection Dollars Announced
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/420069100/capital-injection-dollars-announced.html
(clarification where those $250B go)

European Countries take more action
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/419696824/european-countries-take-more-action.html
the $1.3 Trillion injection from yesterday

Global coordinated action to ease the credit crunch
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/10/global-coordinated-action-to-ease.html
(clarification where those $1.3T go)

How Did Our Credit Bubble Reach Such Destructive Proportions?
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/10/how-did-our-credit-bubble-reach-such.html
Questionable chart ;)

R.I.P EUR
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/419993646/rip-eur.html

Doom and Gloom
from The Great Depression of 2006 by Jim in San Marcos
http://greatdepression2006.blogspot.com/2008/10/doom-and-gloom.html
The Dow goes up 1,000 points. Sounds a little steep for one day doesn’t it? I was at the supermarket today and was looking for the cottage cheese. The real cheap stuff that I buy was $2.29 a pound. It was $1.69 one month ago

Ludwig von Mises now turning in his grave
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/10/ludwig-von-mises-now-turning-in-his.html
European governments offer $2 trillion for banks

Ten people who predicted the financial meltdown
http://timesbusiness.typepad.com/money_weblog/2008/10/10-people-who-p.html
I may add Peter Schiff, Jim Puplava and would remove Kondratiev

Uncle Jay Explains the News - Global Economical Recession
http://www.youtube.com/watch?v=CO92HJPL5do
video