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Have You Seen This?

  • 2nd QTR GDP Today...

    In This Issue..

    * A flat trading day in currencies...

    * 473,000 newly unemployed last week...

    * Kan ready to take "bold action"...

    * Ludwig von Mises on a Friday!

    ...
  • Throwing A Cat Among The Pigeons...

    In This Issue..

    * Risk Aversion returns...
    * RBA cuts 25 BPS...
    * Eurozone recession deepens...
    * Oil backs off...

    Good day... And a Terrific Tuesday to you! OK... I'll get to Opening Day in the Big Finish today, first, and foremost, I need to tell you about a guy that really threw a cat among the pigeons yesterday, causing a BIG scare and sell off of risk assets... Currencies that is...

    His name is Mike Mayo, and he used to work at Deutsche Bank, and now is a banking analyst at Caylon Securities... And brother can he ever move a market! To make a long story short... Mr. Mayo basically said yesterday in a report that 'Bank Loan Losses Will Exceed Depression Levels'... So, all that James Brown, feeling good, that went on last week with the G-20 singing everything is beautiful, all went down the drain after Mr. Mayo spoke......
  • An Aussie Rate Cut!

    * Dollar rally continues... * Eurozone data prints weak... * Oil sees a HUGE drop! * WAKE UP, China! ** An Aussie Rate Cut! Good day... And a Wonderful Wednesday to you! I'm shaking my head this morning and wondering what its going to take to get this dollar rally stopped before it gets out of hand, and the exports get killed once again. And if the exports get killed, the Current Account Deficit begins to swell again, and so on and so on. This dollar strength is not good for our economy at this stage, but that's what we have, and I'm wondering who wrote the book of love! I recall the last time we saw the dollar smokin' hot like this, 2005... I sure hope the nasty emails to me don't start again... You should have seen some of these emails, they would embarrass a sailor! OK, that's just a saying, I'm not picking on sailors! You have to say these disclaimers or else there will be someone that gets upset and fires off a nasty email. What's happened in society that email has allowed people to say things they would never say to someone's face? It's brought out the Mr. Hyde in people, for sure!...