Succinct summation of week’s events: Positives: 1) Gasoline prices fall another .04 on the week to $3.61, according to AAA, the cheapest since Feb. 2) The Fed’s now preferred inflation figure, the PCE price deflator (instead of CPI), rises 1.8% in April, the lowest since Feb ’11. 3) A bright spot within payrolls was the 422k job gain in the Household Employment survey. 4) Ireland votes to hold hands (I’m sure with their eyes closed) with the rest of Europe by passing the fiscal treaty. 5) Another drop in interest rates in the US, UK, Germany and in some others, never a better time to borrow money if you can get it. ... (full story)