Friday, June 27, 2008

Quick Overview

  • The CFTC has reiterated it has the power to stop trading in futures in emergencies. Pelosi told the CFTC to use its powers and bring a halt to excessive speculation.

  • U.S. personal incomes rose 1.9% in May and consumer spending rose 0.8%. All credited to the stimulus checks.

  • U.S. core rate of personal consumption expenditures rose 0.1% in May and 2.1% YoY.

  • The University of Michigan's index of consumer sentiment fell from 59.8 to 56.4 in June,

  • Canada’s industrial product prices rose 0.6% in May and 2.4% YoY

  • GDP in New Zealand fell 0.3% QoQ, but rose 3.0% YoY.

  • YoY the U.K.'s GDP rose 2.3% in the first quarter

  • YoY Japan's inflation rose 1.5% in May
    YoY Japans household spending fell 3.2% in May

  • The total number of people online will climb to 1.8 billion by 2012, encompassing roughly 25 percent of the planet, with the highest growth rates in areas such as China, Russia, India and Brazil, according to a report by Jupiter Research.

  • Researchers at the National Institute for Neurological Disorders and Stroke are studying how applying
    gentle electrical current to the scalp can improve learning.

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