Afshin Rattansi talks to Max Keiser: Europe in Recession

* Japan in deeper recession than previously thought * Tokyo considers $216 bln stimulus -- newspaper * Canada declares recession, cuts benchmark rates * Progress made on U.S. auto rescue plan * Dow , S&P 500 fall in early trade By Kevin Liffey and Daniel Trotta LONDON/NEW YORK, Dec 9 (Reuters) - Japan sank further into recession in the third quarter, new European economic indicators showed that the downturn there is deepening and Canada declared itself in recession on Tuesday. In the United States, negative retails sales data and tepid home-sales figures failed to animate Wall Street, which traded down after a two-day rally had contributed to sentiment that the stock market could have hit a cyclical bottom. "There's hesitation that indeed the worst is over," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey. "Only time will tell. Caution is still warranted."

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YouTube | December 10, 2008

Tags:. .bln. .cyclical. .homesales. .twoday. .sank