In the U.S., sales fo American Eagles for May have beaten all months since January of 1999. "Tyler Durden" comments:
As the US Treasury will gladly tell you, there are some products for which demand increases proprtionally with price. While Tim Geithner would like you to believe this means Treasuries, gold is rapidly replacing Treasuries in this regard. As to questions about whether gold is in a bubble, we can’t claim to know the answer at this point. Please ask us again when gold trades at $5,000.
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Anglo-Dutch consumer goods company Unilever has acquired a little over two-thirds of Indian unit Hindustan, falling short of its plan to raise its stake to as much as 75 percent. Shareholders of Hindustan Unilever, India's largest consumer goods maker, tendered 319.7 million shares to the offer, taking Unilever's holding in the unit to 67.28 percent from 52.48 percent.
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