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DaleFranks

  1. The consumer price index was unchanged last month. The core CPI, minus the volatile food and energy sectors, increased by 0.1%.
  2. Retail sales fell by 0.1% last month. Economists had expected an increase of 0.7%.
  3. Initial claims for unemployment rose unexpectedly to 558k, despite analysts' predictions of a drop in claims.
  4. Join me LIVE on my Observations show on #BlogTalkRadio at http://tobtr.com/s/604261 or call (718) 664-9614. 5PM Pacific, 8PM Eastern.
  5. I've posted a write up of my test ride of the Buell 1125R sportbike. http://dalefranks.com/cycles/?p=657
  6. The Commerce Department reports that personal income declined by 1.3 in June, while personal spending rose 0.4%. We're still overspending.
  7. The US dollar is hovering at year lows with sterling at $1.697, the euro trading at $1.441, the yen at Y95.602, and swiss frank at CHF1.061.
  8. I'm in a quandary. Do I take my insurance settlement and trade in my FJR for a BMW R1200RT? Or do I keep the FJR, and buy a Buell 1125r?
  9. The dollar hit a 2009 low, selling at 94.80 Yen, and with the Euro going for $1.4257 on month-end currency flows and weak GDP internals.
  10. The Chicago Purchasing Managers Index, widely seen as an indicator of the national PMI, was 43.4 in June.
  11. The preliminary GDP results from last quarter showed a -1.0% decline in GDP on an annualized basis. Expactations were for a -1.5% drop.
  12. After disappointing 2- and 5-year auctions this week, today's 10-year auction went somwhat better with $28 Billion of notes going at 3.369%.
  13. Initial claims for unemployment rose 25k to 584k for the latest week. The rise was generally in line with expectations.
  14. June durable goods orders declined by a greater than expected -2.5%, led by drops in transportation orders. Without that, orders rose 1.1%.
  15. New home sales came in well above expectations at 384k in June.
  16. Existing home sales for June came in very slightly above expectations at 4.89 million.
  17. Initial jobless claims rose by 30k last week to 554k, as distortions from the shifts in auto plant shutdowns subsided.
  18. Dampened prospects for global economic recovery leave the dollar slightly higher in the FOREX. Euro: $1.4187, GBP: $1.6415, Yen: Y93.58.
  19. The Conference board reports that its index of Leading Economic Indicators increased by 0.7% last month, the third consecutive increase.
  20. Join me LIVE on my Observations show on #BlogTalkRadio at http://tobtr.com/s/577796 or call (718) 664-9614 at 5PM Pacific, 8PM Eastern.