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  • G-20, Schmee 20!

    In This Issue..

    * No clear direction from G-20...
    * A bias to sell dollars this morning...
    * Those guys are wrong, and I'm right!
    * Riksbank to hike rates this week?

    Good day... And a Marvelous Monday to you! A weekend that feels like it went by in a flash! WOW! Don't know how that happened, but it did... This coming weekend will be a 3-day Holiday weekend, so hopefully that 'went by in a flash' feeling doesn't repeat itself!

    Well... This past weekend was the G-20 meeting, and the anticipated brawl between the U.S. and Germany on spending VS cost cutting... Well, the brawl didn't happen, instead they agreed to say that they will 'tackle deficits once economic recoveries are assured'... Which here in the U.S. means... NEVER! Not that the economic recovery won't eventually come along, but that our lawmakers aren't going to stop spending... However, there are elections that might just change their minds, eh?

    ...
  • The Bias To Buy Dollars Remains In Place...

    In This Issue..

    * The dollar continues to get bought...
    * The A$ gets rocked!
    * Riksbank keeps rates unchanged...
    * 10-year yields inch higher once again...

    Good day... And a Wonderful Wednesday to you! The end of the line, so-to-speak for me until after Christmas, as I begin my winter vacation tomorrow. Yesterday, I told you about having a conversation with one of my fave economists on Monday night. Well, she told me that she was worried about me. That when she reads the Pfennig, I sound like I'm too stressed out, and taking this stuff to personally. She said she was afraid I was going to have a heart attack writing the Pfennig one day!

    WOW! OK... So here's the deal today, my last Pfennig before Christmas... I'm not going to talk about the deficit spending fools in Washington D.C., I'm not going to talk about the national debt, I'm not going to talk about anything that gets my feathers ruffled... It's all seashells and balloons for yours truly today!...