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Bankrate's 2008 Financial Forecast
A look back at 2007
When it comes to personal finance, you can learn a lot about what will happen by looking at what has happened.
Month-by-month snapshot
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Financial review of 2007

This month in history:
June 6, 1978
By a vote of 2-to-1, California voters approved Proposition 13, an amendment to the state constitution severely limiting property tax rates.
June 10, 1652
John Hull opened the first mint in America in defiance of English colonial law. The first coin issued was the Pine Tree Shilling.
June 19, 1934
The Silver Purchase Act is passed. The act nationalized silver stocks and charged the president with increasing the Treasury's silver supply.
June 24, 1998
AT&T picked up Tele-Communications Inc. for a reported $48 billion. The deal gave AT&T cable connections to roughly 33 million homes across the United States.
A wave of toy recalls begins, stemming from the use of lead-based paint in Chinese toy factories. It leads Americans to further question the safety of Chinese imports.

The cryptic last episode of the Sopranos airs, leaving frustrated fans wondering what actually happens to Tony and questioning the sanity of the show's producers.

The iPhone debuts, featuring an innovative touchscreen interface. Consumers crowd Apple stores nationwide for a chance to pay $599 to be the first on their block to get one.

A look at the numbers

Unemployment rate: 4.5 percent
CPI one-month change: +0.2 percent
Productivity: Q2 +2.6 percent
Average 60-month new-car loan: 7.73 percent
Federal funds rate: 5.25 percent
NAR existing homes sales: 5,760,000
Months' supply of existing home sales: 9.1
Existing home sales price: $229,200
Consumer debt: Q2 $2,449,900,000
Dow Jones industrial average high: 13,756.69
Average price for gallon of regular gas: $3.02
Existing home sales from the NAR

Existing home sales from the NAR
The National Association of Realtors tracks sales of existing homes in the United States and lists sales totals of existing homes.
-- Posted: Dec. 10, 2007
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