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  • Germany Talks Tough!

    In This Issue..

    * Euro's big rally stalls...
    * Problems with Greek Aid Package?
    * A U.S. debt update... (you're not going to like it!)
    * What about the $53 Billion?

    Good day... And a Marvelous Monday to you! It was a wet, and sometimes dangerous weather wise weekend here in St. Louis, as a couple of tornados touched down on Saturday. It's still raining outside, and even though the euro got to get out of the rain for a bit on Friday, it's raining on the euro's parade once again this morning.

    Yes... As I left you on Friday, Greece had announced the activation of an aid package, and momentarily, things looked up for the beleaguered Eurozone. The euro continued to gain throughout the day on Friday, and well, looked like it was about to 'break out'... But that was Friday, and today is Monday... And all the euphoria surrounding Greece on Friday has been thrown out with the bathwater, and it's back to euro bashing this morning......
  • More Wild Swings!

    In This Issue..

    * Euro goes back and forth over 1.43...
    * Eurozone unemployment rises to 9.2%
    * Australia's GDP surprises!
    * Is it protectionism?

    Good day... And a Wonderful Wednesday to you! I'm draggin' the line today, as I was helping my oldest son, Andrew, with things in his brand, spankin' new house, last night. Congrats to Andrew, for finding a great bargain, with a low, fixed, interest rate!

    OK... Whew! What a day in the currencies yesterday! Another day, and another day of wild swings.. Volatility is the name of the game these days... Watching, for instance, the euro trade down to 1.4220, and then up to 1.4320 and not just on a one-way ticket! Oh No! this is a bounce here a bounce there... But just like it was going from 1.41 to 1.42, it took a few times over the 1.42 figure before it finally stuck, and headed to 1.43... All the other currencies followed in the swings, as usual......