US CONSUMER CREDIT HAD THE 2nd-BIGGEST DROP ON RECORD!

Consumer Credit in U.S. Falls Second-Most on Record (Update1) - Bloomberg.com: "Consumer Credit in U.S. Falls Second-Most on Record (Update1)"

WORLD ECONOMY: NO SIGNS OF "V-SHAPED" RECOVERY!

Krugman Says No Signs of ‘V-Shaped’ Economic Recovery (Update1) - Bloomberg.com: "Krugman Says No Signs of ‘V-Shaped’ Economic Recovery (Update1)"

"WAY TOO EARLY" TO DECLARE US SLUMP OVER?

NBER’s Hall Says ‘Way Too Early’ to Declare Recovery (Update1) - Bloomberg.com: "NBER’s Hall Says ‘Way Too Early’ to Declare Recovery (Update1)"

BANQUE CENTRAL EUROPÉENNE: ..INDEPENDENCE INTACTE...VRAIMENT?

Pour Jean-Claude Trichet, l'ind�pendance de la BCE est intacte - L'�conomie en crise - Le Monde.fr: "Pour Jean-Claude Trichet, l'ind�pendance de la BCE est intacte"

MÉXICO: ¿CÓMO VA HOY?..Viernes, junio 05, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 5 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 5 de junio"

DOLLAR MAY APPRECIATE TO 1.33 PER EURO BY THE END OF JUNE!

Dollar May Rebound to 1.33 per Euro by End of June, RBC Says - Bloomberg.com: "Dollar May Rebound to 1.33 per Euro by End of June, RBC Says"

US JOBLESS UP TO 9.4%..HIGHEST SINCE 1983!...."LESS AWFUL" THAN FORECAST THOUGH!

U.S. Economy: Job Losses Slow, Signaling Recession Is Abating - Bloomberg.com: "U.S. Economy: Job Losses Slow, Signaling Recession Is Abating"

SPANISH OUTPUT SLUMPS ALMOST A FIFTH ON RECESSION!

Spanish April Industry Output Falls Almost a Fifth on Recession - Bloomberg.com: "Spanish April Industry Output Falls Almost a Fifth on Recession"

JAPAN'S BUSINESSMEN BRING "BENTO" FOR LUNCH AS POCKET MONEY DWINDLES!

Japanese Men Bring ‘Bento’ for Lunch as Pocket Money Dwindles - Bloomberg.com: "Japanese Men Bring ‘Bento’ for Lunch as Pocket Money Dwindles"

OMC: LE CHÔMAGE PARTIEL EST PLUS EFFICACE QUE LE PROTECTIONNISME: LAMY

Lamy : le ch�mage partiel est plus efficace que le protectionnisme - Economie - Le Monde.fr: "Lamy : le ch�mage partiel est plus efficace que le protectionnisme"

UK BROWN'S FUTURE IN DOUBT AS 5th MINISTER QUITS...POUND FALLS!

Pound Falls; Brown’s Future in Doubt as Fifth Minister Resigns - Bloomberg.com: "Pound Falls; Brown’s Future in Doubt as Fifth Minister Resigns"

UK KEEPS RATE AT 0.5%, REFRAINS FROM EXPANDING STIMULUS!

BOE Keeps 125 Billion-Pound Plan, Rate Stays at 0.5% (Update2) - Bloomberg.com: "BOE Keeps 125 Billion-Pound Plan, Rate Stays at 0.5% (Update2)"

EUROPE: NO IMMEDIATE PLAN TO CUT RATES, INCREASE ASSET PURCHASES!...OK?

Trichet Signals No Immediate Plan to Add to Purchases (Update2) - Bloomberg.com: "Trichet Signals No Immediate Plan to Add to Purchases (Update2)"

VENEZUELA'S CHÁVEZ MOVES TO NATIONALIZE CHEMICALS-MAKERS!

Venezuela to Put Chemicals-Makers Into Joint Ventures (Update2) - Bloomberg.com: "Venezuela to Put Chemicals-Makers Into Joint Ventures (Update2)"

ZONE EURO: LA BCE A REVISÉ EN FORTE BAISSE SA PRÉVISION DE RÉCESSION DE 4.6% EN 2009!

Zone euro : la BCE pr�voit une r�cession de 4,6 % en 2009 - Europe - Le Monde.fr: "Zone euro : la BCE pr�voit une r�cession de 4,6 % en 2009"

MÉXICO: ¿CÓMO VA HOY?....Jueves, junio 04, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 4 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 4 de junio"

EUROPE: TRICHET AIM TO HEAL ECB RIFT....SUCCEEDING?

Trichet Aim to Heal ECB Rift May Be Aided by Economy (Update1) - Bloomberg.com: "Trichet Aim to Heal ECB Rift May Be Aided by Economy (Update1)"

JAPAN'S COMPANIES CUT SPENDING BY RECORD; PROFITS SLUMP!

Japan Companies Cut Spending by Record; Profits Slump (Update3) - Bloomberg.com: "Japan Companies Cut Spending by Record; Profits Slump (Update3)"

UK PRIME MINISTER GORDON BROWN RESISTS CALLS TO QUIT!

Brown Resists Calls to Quit as Party Braces for Setback in Vote - Bloomberg.com: "Brown Resists Calls to Quit as Party Braces for Setback in Vote"

INDIA TO ALLOW MORE FOREIGN INVESTMENTS, SELL STAKES IN STATE FIRMS....BRAVO!

India to Allow More Foreign Investments, Sell Stakes (Update1) - Bloomberg.com: "India to Allow More Foreign Investments, Sell Stakes (Update1)"

RUSSIA CUTS RATE FOR THE 3th TIME IN 6 WEEKS!

Russia Reduces Benchmark Interest Rates to Boost Bank Lending - Bloomberg.com: "Russia Reduces Benchmark Interest Rates to Boost Bank Lending"

FRANCE: LE TAUX DE CHÔMAGE ATTEINT 8.7% AU 1er TRIMESTRE!

Le taux de ch�mage atteint 8,7 % au premier trimestre - L'�conomie en crise - Le Monde.fr: "Le taux de ch�mage atteint 8,7 % au premier trimestre"

SWEDEN'S KRONA TRADES NEAR 6-WEEK LOW ON LATVIA DEVALUATION CONCERN!

Sweden’s Krona Trades Near Six-Week Low on Latvia Loan Concern - Bloomberg.com: "Sweden’s Krona Trades Near Six-Week Low on Latvia Loan Concern"

US, UK TRACK RECORDS BACK AAA RATINGS, FITCH SAYS!

Fitch Says U.S., U.K. Track Records Back AAA Ratings (Update1) - Bloomberg.com: "Fitch Says U.S., U.K. Track Records Back AAA Ratings (Update1)"

GLOBAL AIRLINE LOSSES TO BE "SUBSTANTIALLY WORSE" THAN FORECAST!

Airline Losses to Be Greater Than Forecast, IATA Says (Update2) - Bloomberg.com: "Airline Losses to Be Greater Than Forecast, IATA Says (Update2)"

MEXICO'S BONDS GAIN AFTER ORTIZ COMMENTS ON YIELDS!

Mexico’s Bonds Gain After Ortiz Calls Yield Rise ‘Exaggerated’ - Bloomberg.com: "Mexico’s Bonds Gain After Ortiz Calls Yield Rise ‘Exaggerated’"

US SERVICES SHRINK; JOB LOSSES MOUNT!

U.S. Economy: Services Shrink, Job Losses Mount (Update1) - Bloomberg.com: "U.S. Economy: Services Shrink, Job Losses Mount (Update1)"

MONDE: L'OIT CRAINT UNE CRISE SOCIALE PENDANT HUIT ANS!

L'OIT craint une crise sociale pendant huit ans - Economie - Le Monde.fr: "L'OIT craint une crise sociale pendant huit ans"

MÉXICO: ¿CÓMO VA HOY?...Miércoles, junio 03, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 3 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 3 de junio"

DOLLAR TO REBOUND, INFLATION OVERDONE!

Dollar Weakness to Reverse, Banc of America-Merrill Lynch Says - Bloomberg.com: "Dollar Weakness to Reverse, Banc of America-Merrill Lynch Says"

US BUDGET DEFICIT THREATENS FINANCIAL STABILITY!

Bernanke Warns Deficits Threaten Financial Stability (Update3) - Bloomberg.com: "Bernanke Warns Deficits Threaten Financial Stability (Update3)"

GERMANY'S MERKEL MAULS CENTRAL BANKS!

FT.com / Global Economy - Merkel mauls central banks: "Merkel mauls central banks"

JAPAN: ECONOMY NO LONGER IN FREE FALL?

BOJ’s Kamezaki Says Economy Is No Longer in Freefall (Update3) - Bloomberg.com: "BOJ’s Kamezaki Says Economy Is No Longer in Freefall (Update3)"

GERMANY'S MERKEL SAYS ECB BOWED TO GLOBAL PRESSURE ON ASSETS!

Merkel Says ECB Bowed to Global Pressure on Assets (Update1) - Bloomberg.com: "Merkel Says ECB Bowed to Global Pressure on Assets (Update1)"

INDONESIA LOWERS RATE FOR 7th STRAIGHT MONTH!

Indonesia Lowers Key Rate for Seventh Straight Month (Update2) - Bloomberg.com: "Indonesia Lowers Key Rate for Seventh Straight Month (Update2)"

EUROPEAN CENTRAL BANK CAN EXPAND ASSET PURCHASES!..CONCERN IN GERMANY?

ECB Can Expand Asset Purchases, Nowotny Writes in May 29 Letter - Bloomberg.com: "ECB Can Expand Asset Purchases, Nowotny Writes in May 29 Letter"

AUSTRALIA UNEXPECTEDLY SKIRTS GLOBAL RECESSION!

Australia Unexpectedly Grows 0.4%, Skirting Global Recession - Bloomberg.com: "Australia Unexpectedly Grows 0.4%, Skirting Global Recession"

LA POLOGNE FAIT FIGURE D'EXCEPTION AU COEUR D'UNE EUROPE EN CRISE!...VRAIMENT?

Au coeur d'une Europe en crise, la Pologne fait figure d'exception - L'�conomie en crise - Le Monde.fr: "Au coeur d'une Europe en crise, la Pologne fait figure d'exception"

CHINA: TWITTER, BING RESTRICTED BEFORE TIANANMEN ANNIVERSARY!

Twitter, Bing Restricted in China Before Tiananmen Anniversary - Bloomberg.com: "Twitter, Bing Restricted in China Before Tiananmen Anniversary"

EUROPE UNEMPLOYMENT RATE RISES TO HIGHEST SINCE 1990!

Europe Unemployment Rate Rises to Highest Since 1999 (Update2) - Bloomberg.com: "Europe Unemployment Rate Rises to Highest Since 1999 (Update2)"

SWINE FLU IS NO TYPICAL PANDEMIC; BUT A PANDEMIC NONETHELESS?

Flu Is No Typical Pandemic; WHO Tries to Reassure (Update1) - Bloomberg.com: "Flu Is No Typical Pandemic; WHO Tries to Reassure (Update1)"

ETATS-UNIS: L'ESPOIR DE REPRISE NOURRI PAR LES PROMESSES DE VENTE AUX USA!

L'espoir de reprise nourri par les promesses de vente aux USA - Le Monde.fr

MÉXICO. ¿CÓMO VA HOY?...Martes, junio 02, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 2 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 2 de junio"

US PENDING HOME RESALES SURGE THE MOST SINCE 2001!

Pending U.S. Home Resales Surge the Most Since 2001 (Update2) - Bloomberg.com: "Pending U.S. Home Resales Surge the Most Since 2001 (Update2)"

CITIGROUP STUCK WITH BERNANKE OFFER RIVAL BANKS PLAN TO REFUSE!

Citigroup Stuck With Bernanke Offer Rival Banks Plan to Refuse - Bloomberg.com: "Citigroup Stuck With Bernanke Offer Rival Banks Plan to Refuse"

JP MORGAN, AMEX WILL TAP STOCK MARKETS TO REPAY TARP!

JPMorgan, American Express Will Tap Stock Markets to Repay TARP - Bloomberg.com: "JPMorgan, American Express Will Tap Stock Markets to Repay TARP"

SWITZERLAND'S ECONOMY SHRINKS MOST IN 15 YEARS!

Switzerland’s Economy Shrinks Most in 15 Years (Update1) - Bloomberg.com: "Switzerland’s Economy Shrinks Most in 15 Years (Update1)"

OUVERTURE DU CAPITAL JP MORGAN ET AMEX POUR SORTIR DU TARP!

Ouverture du capital JPMorgan et Amex pour sortir du Tarp - Le Monde.fr: "Ouverture du capital JPMorgan et Amex pour sortir du Tarp"

LE CHÔMAGE POURRAIT TOUCHER 400,000 PERSONNES À NEW YORK CITY!

Le ch�mage pourrait toucher 400.000 personnes �New York City - Le Monde.fr: "Le ch�mage pourrait toucher 400.000 personnes �New York City"

EURO'S RALLY MAY BE IN "LAST STAGE" UBS SAYS!

Euro’s Rally Against Dollar May Be in ‘Last Stage,’ UBS Says - Bloomberg.com: "Euro’s Rally Against Dollar May Be in ‘Last Stage,’ UBS Says"

AUSTRALIA KEEPS RATE AT 49-YEAR LOW 3% FOR 2nd MONTH!

Australia Keeps Benchmark Rate at 3% for Second Month (Update2) - Bloomberg.com: "Australia Keeps Benchmark Rate at 3% for Second Month (Update2)"

BRAZIL STOCKS, BONDS, CURRENCY RALLY ON CHINA GROWTH!

Brazil Stocks, Bonds Rally on China Growth, Rate-Cut Outlook - Bloomberg.com: "Brazil Stocks, Bonds Rally on China Growth, Rate-Cut Outlook"

US CONSUMER SPENDING FALLS ON UNEMPLOYMENT!

Consumer Spending Falls as Americans Boost Savings (Update2) - Bloomberg.com: "Consumer Spending Falls as Americans Boost Savings (Update2)"

JAPAN MAY BE SLIPPING INTO DEFLATION, RECORD OUTPUT GAP SHOWS!

Japan May Be Slipping Into Deflation, Record Output Gap Shows - Bloomberg.com: "Japan May Be Slipping Into Deflation, Record Output Gap Shows"

CHINA'S MANUFACTURING GROWS ADDING TO RECOVERY SIGNS!

Chinese Manufacturing Grows, Adding to Recovery Signs (Update2) - Bloomberg.com: "Chinese Manufacturing Grows, Adding to Recovery Signs (Update2)"

FMI: LA DEUXIÈME JEUNESSE! AUJOURD'HUI IL EST RECONNUE, SOLLICITÉ COMME JAMAIS!

La deuxi�me jeunesse du FMI - L'�conomie en crise - Le Monde.fr: "La deuxi�me jeunesse du FMI"

MÉXICO: ¿CÓMO VA HOY?...Lunes, junio 01, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 1 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 1 de junio"

GM DEALERS TURN TO SERVICE FOR SURVIVAL!

GM Dealers Turn to Service as Bankruptcy Taxes Customer Loyalty - Bloomberg.com: "GM Dealers Turn to Service as Bankruptcy Taxes Customer Loyalty"

NORTH KOREA MAY BE PREPARING ANOTHER LONG-DISTANCE MISSILE TEST..GATES SAYS!

Gates Says There Are ‘Some Signs’ North Korea May Test Missile - Bloomberg.com: "Gates Says There Are ‘Some Signs’ North Korea May Test Missile"

COMMODITIES RISE FASTEST SINCE 1985!...WOW!

Commodities Rise Most in 24 Years; Goldman Sees Gain (Update1) - Bloomberg.com: "Commodities Rise Most in 24 Years; Goldman Sees Gain (Update1)"

WALL STREET CETTE SEMAINE!...HISTORIQUE? (Juin 01 --Juin 05, 2009)

Wall Street surveille les indices macro-�conomiques ainsi que GM - Le Monde.fr: "Wall Street surveille les indices macro-�conomiques ainsi que GM"

EURO: NOBEL MUNDELL SEES RALLY UNWIND!

Euro Cuts Profits as Nobel Laureate Sees Rally Unwind (Update1) - Bloomberg.com: "Euro Cuts Profits as Nobel Laureate Sees Rally Unwind (Update1)"

GM TO FILE FOR BANKRUPTCY TODAY! .. (Jun 01, 2009)

GM Bankruptcy to Bring Taxpayer Ownership, Less Debt (Update1) - Bloomberg.com: "GM Bankruptcy to Bring Taxpayer Ownership, Less Debt (Update1)"

OBAMA: "NO ONE MORE CONCERNED" ABOUT DEFICITS?

Geithner to Reassure China U.S. Will Control Deficits (Update1) - Bloomberg.com: "Geithner to Reassure China U.S. Will Control Deficits (Update1)"

GM BANKRUPTCY PLAN WINS SUPPORT!

GM’s Bankruptcy Plan Wins Support From Majority of Bondholders - Bloomberg.com: "GM’s Bankruptcy Plan Wins Support From Majority of Bondholders"

RUBLE: BEST MONTH SINCE 1995?

Ruble Extends Biggest Monthly Rally Since 1995; Stocks Climb - Bloomberg.com: "Ruble Extends Biggest Monthly Rally Since 1995; Stocks Climb"

GOLD: 1st MONTHLY GAIN IN 3?...$1,000 SOON?

Gold Heads for First Monthly Gain in Three on Oil, Weak Dollar - Bloomberg.com: "Gold Heads for First Monthly Gain in Three on Oil, Weak Dollar"

MÉXICO TO SHRINK MOST SINCE 1932!...WHAT?

Mexico Economy to Shrink 8.5%, Goldman Sachs Says (Update2) - Bloomberg.com: "Mexico Economy to Shrink 8.5%, Goldman Sachs Says (Update2)"

DOLLAR POSTS BIGGEST MONTHLY DROP THIS YEAR!

Dollar Posts Biggest Drop Versus Euro in 2009 on U.S. Deficit - Bloomberg.com: "Dollar Posts Biggest Drop Versus Euro in 2009 on U.S. Deficit"

EUROPE: 0% D'INFLATION!

0 % d'inflation - Opinions - Le Monde.fr: "0 % d'inflation"

L'EUROPE S'INQUIÈTE DES RISQUES D'UNE DÉFLATION PROLONGÉE!

L'Europe s'inqui�te des risques d'une d�flation prolong�e - Economie - Le Monde.fr: "L'Europe s'inqui�te des risques d'une d�flation prolong�e"

LE MONDE CETTE SEMAINE...GULP! (Agenda Juin 01 -- Juin 05, 2009)

A suivre cette semaine, la r�union de la Banque centrale europ�enne: "A suivre cette semaine, la r�union de la Banque centrale europ�enne"

MÉXICO: SU ECONOMÍA ESTA SEMANA....¡GULP!..(Agenda junio 01 -- junio 05, 2009)

MERCADOS MEXICANOS-Atentos a General Motors y cifras EEUU
| Titulares
| Reuters: "MERCADOS MEXICANOS-Atentos a General Motors y cifras EEUU"

WORLD ECONOMY THIS WEEK...GULP!...(Agenda Jun 01 -- Jun 05, 2009)

AHEAD OF  THE CURVE! 

UPCOMING THIS WEEK: POLITICS AND ECONOMY: ---EVENTS THAT MAY MOVE GLOBAL FINANCIAL MARKETS (Update 1 of 3)--- 

(Jun 01 -- June 05,  2009)---Outstanding Events That May Move Global Financial Markets:

WORLD MARKETS-----; ----Dollar Recovery, Possible?, ----Oil, Gasoline and Food Prices---NORTH AMÉRICA: ***United States: Personal income (01); Personal Spending (01); Personal Consumption Expenditure Deflator (01); ISM Manufacturing (01); Construction Spending (01); Pending Home Sales (02); ABC Consumer Confidence (02); Mortgage Applications (03); ISM Services (03); Factory Orders (03);  FED's Dudley Speaks (04); Productivity & Labor Costs (04); FED's Bernanke Speaks (04); Unemployment Rate (05), FED's Rosengreen, Yellen Speak (05); Consumer Credit (05);  ;   México; Manufacturas: confianza, tendencia, pedidos (02); Manufacturas por Estado (03); Electricidad por estado  (03); ; Confianza del Consumidor (04); Indicadores Compuestos --Coincidente y Adelantado -- (05); ; ;  Canada; GDP (01); Raw Materials Prices (01);BoC Rate Decision (04); PMI Index (04); Unemployment Rate(05);    ;  EUROPE;;   Britain: Housing Survey (Sunday 31); House Prices (01); PMI Manufacturing (01); Net Consumer Credit (02); Mortgage Approvals (02); PMI Construction (02);Consumer Confidence (02); PMI Services (03); BoE Rate Decision (04); Producer Inflation (05);      ;  Switzerland; GDP(02); Inflation (05); ;   Euro-Zone: PMI Manufacturing (01);Unemployment Rate (02); PMI Services (03); PMI Composite (03); GDP (03); Household Consumption (03); Gross Fixed Capital (03); Producer Prices (03); Retail Sales (04); ECB Rate Decision (04);      ; France: PMI Manufacturing (01); PMI Services (03); Unemployment Rate (04);   ; Germany: PMI Manufacturing (01); PMI Services (03);   ;  Italy: ;  ---ASIA, PACIFIC: ---Japan: BoJ Kamezaki Speaks (03); Capital Spending (03);   ; Australia; Manufacturing (Sunday 31); Retail Sales (31); Commodity Index (01); Current Account (02); RBA Rate Decision (02); Services (02);  GDP (03); Trade Balance (04); Construction (04);     ; -- New Zealand:Commodity Prices (04);  ; ----: ;----

---OUTSTANDING--- :

SUNDAY 31:  

MONDAY 01:  

United States: ISM Manufacturing

Euro-Zone: PMI Manufacturing

Germany: PMI Manufacturing

United Kingdom: PMI Manufacturing

Canada: GDP

TUESDAY 02: 

United Kingdom: Consumer Confidence

Euro-Zone: Unemployment Rate

Switzerland: GDP

Australia: RBA Rate Decision

WEDNESDAY 03: 

United States: ISM Services

Euro-Zone: PMI Services; Household Consumption; Producer Prices; 

Japan: Capital Spending

Germany: PMI Services

United Kingdom: PMI Services 

Australia: GDP

THURSDAY 04: 

United States: Productivity

Euro-Zone: Retail Sales: ECB Rate Decision

United Kingdom: BoE Rate Decision

France: Unemployment Rate

Canada: BoC Rate Decision

México: Confianza del Consumidor

New Zealand: Commodity Prices

FRIDAY 05: 

United States: Unemployment Rate

United Kingdom: Producer Inflation

Canada: Unemployment Rate

México: Indicadores Compuestos; Coincidente y Adelantado

SATURDAY 06: 

SUNDAY 07: 

---------º---------

WORLD CRISIS WEEKLY WRAP-UP!..(May 25 -- May 29, 2009)

WORLD CRISIS WEEKLY WRAP-UP (May 25 – May 29, 2009)

(Update 1 of 3)

INTRODUCTION:

 Markets and many world reknown economists are upbeat. Does the following 7-day events correspond to this perception?

GOOD NEWS:

UNITED STATES:  Consumer confidence experienced the biggest increase since April 2003. From 40.8 to 54.9.-- US existing homes sales + 2.9% April -----Dollar would hold up even after a US credit downgrade!--Recession may end next quarter, some analysts say! ---Did obama succeed in preventing a 2nd great depression? Some in his team think so. ASIA:  Japan, India revival, some output data shows!..Scattered Illusion?

BAD NEWS:

WORLD: L'ONU reporte à fin juin un sommet sur la crise financière.. Gold jumps up to almost $1,000 dólares!---Some experts considered that Financial volatility (VIX) is more likely to reach 40 than to get to 20!...AMERICA: United States: Existing homes sales -3.5% below 2008’s---- Home Prices -19.1% year to 1^ST quarter---- 10-year notes: steepest 2-month loss since 2.----Durable orders near lowest in 13 years; jobless' 17 month----Dollar posts biggest monthly drop this year! -----FED's Chairman Bernanke bid to lift housing is being scuttled by rising rates-----New normal: 2% GDP growth, 8% unemployment rate----- Economy at risk of double-dip recession!------Recovery will be more slowly than expected; Obama’s government officials said!-------Canada's economy to shrink more than forecast; Deficits to expand!...México: ¡Cae 5.6% actividad económica (IGAE)! Mexican peso weakens after unemployment jumps more than expected!-----.EUROPE: Le chômage pourrait toucher 239 millions;  ----- Euro-Zone: l'exclusion de certains membres s'impose!.... Germany: Allemagne; L'inflation est revenue à zero! Business sentiment up from 83.7 to 84.2. GDP -3.8% 1^st quarter on exports, business spending fell though consumption +0.5% from previous quarter. Poland kept rate at 3.75% but reduced cash reserves from banks, from 3.5% to 3%.... Must cut spending as deficit widens "horribly"!... Hungary kept rate at 9.5%, but forint revival may allow cuts later on.------France: le nombre de chômeurs en hausse!----United Kingdom's Prime Minister Brown goes full circle as debt raises ratingdo...ASIA: Japon, les suicides se multiplient à cause de la crise!----Retail sales fall for 8th month on job woes!... India credit rating may come under pressure over budget!------China: Yuan halting gains to aid exports?------ AFRICA: South Africa in recession 1^st since 1992, -6.4% 1^st quarter, annualised. Mining worst since 1960.

GEO-POLITICS, MARKETS AND NATURAL DISASTERS:

La Chine a du mal à contrôller son allié Nord-Corée------North Korea was condemned after conducting a nuclear test, its second since 2006. - Fires 6th missile this week-----Iran: Ahmadinejad campaign site...attacked!---- ----Grippe a: votre attention, s'il vous plaît! UK swine flu toll is really 30,000, says leading scientist----- Visteon, a car-parts supplier, filed for bankruptcy----- British Airways followed Air France-KLM, with a net loss for its fiscal year----- GM finally in Bankruptcy (June). Hearings on Fiat’s stake in Chrysler, to speed exit from bankruptcy---- Tylenol: drugmakers asked to limit doses, toughen ...Lowest Liborhides "exceptionally wide" bank spreads!-----

CONCLUSION:

Pessimistic news continued to overwhelm optimistic ones.----Global Industries (cars, airlines, etc) are in for a tough ride!-----North Korea missiles and nuclear dangerous games as well as the Swine Flu (affecting worldwide tourism and the airlines industry) are not helping world economy either!---- Will this be a short-lived bull market?....What do you think?

US ECONOMY THIS WEEK...GULP!..(Agenda Jun 01 -- Jun 05, 2009)

Unemployment Probably Topped 9% in May: U.S. Economy Preview - Bloomberg.com: "Unemployment Probably Topped 9% in May: U.S. Economy Preview"