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  • Francs & Copper Trade At All-Time Record Highs!

    In This Issue.

    * Tight ranges, with bias to sell dollars.

    * Euro recovers.

    * China's manufacturing slows.

    * Foreclosures soar! UGH!

    ...
  • Intervention Doesn't Work!

    In This Issue.

    * Currencies & Precious metals drift...

    * Renminbi appreciates 3rd consecutive day!

    * Thoughts on foreclosures...

    * Euro to 1.45?

    ...
  • 3 Million Foreclosures Forecast For 2010!

    In This Issue..

    * Dollar is in the drivers seat on rate forecasts...
    * And I'll debunk those forecasts!
    * Bernanke gets re-confirmed...
    * The PPT revisited...

    Good day... And a Happy Friday to one and all! A Fabulous Friday in my book so far... The wind is blowing so hard outside that the door to the building wouldn't open for it was opening against the wind! Have I told you all recently how much I dislike cold weather? I gotta go where it's warm! And... Hopefully I will next week, when I head to Orlando for the Money Show... Last year, it was cold there too, so I was very disappointed! But back in the day when Alex was young, we used to go early, and spend a few days at Disney World, we always had warm weather then...

    OK... Another day, another day of listening to dolts talk about rate hikes coming in the near future for the U.S. I'm going to go into the reasons, and please notice, I have an "s" at the end of reason, in a bit, for why I think these people are showing their doltness...

    ...
  • Cautiously Positive?

    In This Issue..

    * Euro & yen add to gains...
    * RBNZ disappoints...
    * Foreclosures continue to stack up!
    * BOE & BOC meet today...

    Good day... And a Thrillin' Thursday to you! Ahhh! A change! Just thought that with the thrilling victories my beloved Cardinals have been accumulating, that Thrillin' would be a nice change to our Thursday lineup!

    Front and Center this morning... The currencies added to their gains this week yesterday, albeit small gains, but gains nonetheless. The Fed's Beige Book was 'cautiously positive'... And... Overnight, the Reserve Bank of New Zealand met, and left rates unchanged as suspected... This and more as we begin our Thrillin' Thursday!...
  • Retail sales disappoint even more…

    * Retail sales disappoint.... * Chuck's views on the Lone Prop... * Waiting on the ECB... * Emerging market currencies sell off... ** Retail sales disappoint... Good day... The big news yesterday was the retail sales numbers, which fell twice as much as expected. Chuck predicted a tough Christmas season, and the BHI was right again. Sales dropped 2.7 percent according to yesterday's report from the Commerce Department. The falling home prices, rising job losses, and tighter credit have all combined to finally force US consumers to adjust their spending habits. No matter how low retailers slashed prices during the recent Christmas season, US consumers just weren't buying. The economy is forcing consumers to wean themselves off of the dangerous drug of easy credit. In spite of Bernanke and Paulson's attempts to get consumers borrowing and spending again, the economic slowdown is forcing the US consumers to reign in their spending. But while this change in consumer habits is good for the longer term economic health of the US, it only serves to drive the economy even further into recession over the short term. And the bad economic data just keeps rolling in. U.S. foreclosure filings spiked by more than 81% in 2008, a record, according to a report released Thursday, and they're up 225% compared with 2006. The total foreclosure filings in 2008 topped 3 million and showed no signs of slowing down in spite of the efforts of both the government and banking industry to slow them down. Foreclosure filings actually accelerated in the 2nd half of the year, increasing 17% in December over November of 2008....
  • More Awful Housing Data!

    * Existing Home Sales fall... * Foreclosures spike! * Euro rebounds... * Aussie dollar sees some weakness... ** More Awful Housing Data! Good day... And a Happy Friday to one and all! Well... The touch of food poisoning I got ( I think) stayed with me most of the day yesterday. I did make it to my presentation with Addison Wiggin, but you should have seen me... I was a mess... But I got through it, stayed at the booth for an hour to talk to people and then headed back to the room to basically fall asleep until now... UGH! I have to say that I believe this conference to be the absolute best conference I have ever attended, and believe me, I've attended quite a few conferences in my time! We have talked to so many people that are genuinely interested, some that already completed their applications, and then there were the 100's of people that are already customers, wanting to know more! It has been a great conference!...
  • More Bad Data For The U.S. Economy

    * Softer CPI? * Foreclosures on the rise... * Just wishing on a star... * Jim Rogers on a Wednesday!...