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  • RBA's Stevens Turns On The Green Light!

    In This Issue..

    * The dollar bounces back a bit...
    * Euro retreats from highs...
    * Is the economic recovery for real?
    * Ignored data...

    Good day... And a Happy Friday to one and all! I believe it will be a Fantastico Friday as well, because when I go in my car this morning to come to work, the radio was playing, 'It's a Beautiful Morning'... It had to be a sign, right? I certainly hope so any way!

    Well, I'm back! I have to say that I've never been to the mountains of North Georgia before, and they are beautiful... Well, most of the parts of this great country are, when I come to think of it! Well, it was nice to walk in the door yesterday and sit down, close my eyes, and get work off my brain!...
  • Awful Data!

    In This Issue..

    * Weber opens Pandora's Box...
    * A record low for Capacity Utilization!
    * Do I hear a Chicken?
    * China's economy grows 6.1%

    Good day... And a Thunderin' Thursday to you! The 'Day After' Tax Day... It still hurts! And to think, one of these days, I'll be paying even more, thanks to the direction of our country... And you will be too! There's no two ways about it, the Deficit in funding in Washington D.C. which will be a result of all the spending, is going to require greater revenue... Where does the Gov't get the revenue? From taxes... Of course if it wasn't a debtor nation, it would not have to pay out the large sums of interest on the Treasuries it issues... But, that... Is a discussion for another day.

    The currencies saw more dollar strength yesterday, but it wasn't a result of anything the dollar had going for it... In fact, the results of the data yesterday was all dollar negative... No, this time it came from the Eurozone. Right about the time I was hitting the send button yesterday, European Central Bank (ECB) minister, Axel Weber Opened Pandora's Box of questions regarding future direction of the ECB... Let's go to the tape!...