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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
March 3, 1847
Alexander Graham Bell, inventor of the telephone, was born in Scotland.
March, 1751
The Currency Act is passed by the English Parliament, banning the issuing of paper money by the New England colonies.
March 10, 1862
The first issue of U.S. government paper money occurred as $5, $10 and $20 bills began circulation.
March 15, 1938
The Secret Service unveiled the "Know Your Money" campaign to combat counterfeit currency.
A wave of pet deaths is linked to ingredients from China tainted with melamine, a chemical used to make plastic, sparking nationwide recalls and raising questions about how goods from China are regulated and inspected.

The United States trade deficit with China for the month of March alone was $17.2 billion.

Viacom files suit against YouTube seeking more than $1 billion in damages for what it terms “massive intentional copyright infringement,” adding to the debate over how television should be incorporated into the Internet.

A look at the numbers

Unemployment rate: 4.4 percent
CPI one-month change: +0.6 percent
Productivity: Q1 +0.7 percent
Average 60-month new-car loan: 7.73 percent
Federal funds rate: 5.25 percent
NAR existing homes sales: 6,150,000
Months' supply of existing home sales: 6.6
Existing home sales price: $210,900
Consumer debt: Q1 $2,418,500,000,000
Dow Jones industrial agverage high: 12,550.07
Average price for gallon of regular gas: $2.50
Dow Jones industrial average high

Dow Jones industrial average high
The Dow Jones industrial average is a stock market index that is based on the current prices of 30 selected industrial stocks on the New York Stock Exchange.
-- Posted: Dec. 10, 2007
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