May was important, because the major stimulus efforts are coming to an end. Economists wanted to see how the economy would hold up without the government holding it up.

A properly functioning market economy gives people neither what they want nor what they expect, but what they deserve.

The economy's pace has eased off of its initial recovery phase, but the transition to stable and permanent growth is vital.

The coming week’s highlights will include a barrage of Euro Zone Industrial Production, Business Confidence, Employment, and Consumer Price Index reports.

The Bank of Japan is widely expected to hold the benchmark interest rate at 0.10 percent next week as the world's second largest economy struggles to shake off the recession.

The economic docket is forecasted to show new motor vehicle sales slump 5.0 percent, marking the third decline in the past four months, while wholesale sales is surveyed to expand 0.3 percent for the month of April.

Traders will watch for any surprises from the upcoming release of the RBA's Meeting Minutes from its June interest rate decision.

Yes, it's the end of the road for the "quick recovery" crowd. Now, the whole world has the Memphis blues.

The world's monetary system is heading for a crackup, because the people running it have no idea what they are doing.