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  • Stepping Up On The Soap Box...

    In This Issue..

    * Euro continues to get sold...
    * Freddie Mac needs $10 Billion more!
    * Auctioning another $80 Billion in Treasuries...
    * Norges Bank does the right thing!

    Good day... And a Tub Thumpin' Thursday to you! I don't really have a reason for it to a Tub Thumpin' Thursday, just thought it would be good to get going into the weekend early! I'm slowly getting back into the swing of things here. There's a parking issue that's got me so ticked off right now, but that's not what you came to read about, so... Let's get going!

    Well... The rout that was on with the euro continued for most of the morning yesterday, but then suddenly, it stopped, and we saw the currencies & Gold turn around... It was just like I had said the day before, that the euro would probably reach oversold levels, and we could see a mini-rally... And we did!...
  • Consumer Confidence Drops!

    In This Issue..

    * The dollar continues to hammer!
    * Jim Rogers on the dollar rally...
    * C. Fred Bergsten talks of a dollar alternative...
    * Lord Monckton's thoughts...

    Good day... And a Wonderful Wednesday to you! It's still raining here... Quite frankly, I don't know how people that live in rainy areas do it! I don't mind rainy days, as long as they are sprinkled in with the days of sunshine!

    Well... The dollar rally that began for a number of rumored reasons continued on yesterday... Remember when I said on Monday that the data this week should show us that the economy is healing somewhat, which would be bad for the dollar? Well, that thought got cold water thrown on it yesterday when Consumer Confidence surprisingly declined last month...

    You know how I like to question just what people that were surveyed for this Consumer Confidence report are so confident about? Well, apparently, the Conference Board surveyed the wrong people this month! Consumer confidence in the U.S. declined in October to 47.7 versus expectations of a 53.5 reading. Both consumers' perceptions of current conditions and their expectations for the future declined. Hmmm......
  • More Hawkish ECB Talk!

    * Euro pushes the 1.60 envelope... * Bank of Canada to cut rates today... * Norges Bank to hike rates tomorrow? * Asians get the inflation memo!...