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  • More Baby Steps For A German Economic Recovery...

    In This Issue..

    * German unemployment falls!
    * RBA disappoints the markets...
    * China to buy Canadian company...
    * ISM to print positive?

    Good day... And a Terrific Tuesday to you! And Welcome to September! Well... Here's a thought to get our engines started this morning... Bill Bonner of the Daily Reckoning ( www.dailyreckoning.com )had this to add to my ranting about our National Debt going to over $20 Trillion in the next 10 years, due to deficit spending...

    'The Obama administration, for example, expects to run $9 trillion in deficits over the next 10 years - and that number is based on a recovery! Imagine what will happen if the economy doesn't recover?'

    ...
  • The Boy Who Cried Wolf? NOT!

    In This Issue..

    * Currencies rally in early morning Wednesday
    * But see selling the rest of the day.
    * German Consumer Confidence surprises...
    * GDP to be revised downward?

    Good day... And a Tub Thumpin' Thursday to you! I get knocked down, but I get up again, you're never gonna keep me down... Yes, a little Tub Thumpin' this morning... I'm all geeked up because I'm sneaking out to go watch Chris Carpenter pitch for the Cardinals this afternoon! A day game... YAHOO!

    OK... Enough of that! Well, another day where the currencies bumped higher early morning, but then were sold the rest of the day. I know the currency guys (and gals) are all wonder where do they go from here... Which is the way that's clear? Well... Short term currency forecasts are proven to be wrong, most of the time... Long term? Well, that can't be argued... The deficit spending, the money creation, and the monetizing of debt will all come back to haunt the dollar... And as Aaron said yesterday, "we've only just begun"... (he was telling a joke), it holds true for the U.S. deficit spending picture......