Friday, August 26, 2005

Quick Overview

  • Greenspan on Friday cautioned Americans against thinking the value of their homes and other investments will only go higher, saying "history has not dealt kindly" with that kind of optimism.

  • The University of Michigan’s index of consumer sentiment dropped from 92.8 to 89.1 in August – weaker

  • Mexico's central bank pushed interest rates lower on Friday for the first time in over three years to give the soft economy a boost, now that inflation is under control. YoY

  • Consumer prices in Canada were up 2.0% in July - less than expected.

  • GDP in the U.K. increased 0.5% in the second quarter and 1.8% YoY.

  • Japans consumer prices were down 0.1% in July and down 0.3% YoY.

  • Hong Kong's GDP was up 3% in the second quarter and up 6.8% YoY..

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