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  • Germany Weighs Possible Bail Out...

    In This Issue..

    * Some healing in the currencies...
    * Brazilian real heats up!
    * Is there a secret central bankers meeting?
    * Aussie Confidence weakens...

    Good day... And a Wonderful Wednesday to you! It sure turned out to be a Terrific Tuesday yesterday, even with 5 inches of snow on the ground! There are rumors going round that someone's underground, and she will rock you, no wait, the rumors are... 1. There is a secret central bank meeting going on, and 2. that Germany is weighing bailout possibilities for Greece...

    The latter really lit a fire under the risk assets yesterday, allowing stocks, currencies and commodities to enjoy a day in the sun, away from the shade the dollar was casting on the risk assets. Stocks turned around and had a strong showing for the day, Gold was up $15, and currencies, led by the Brazilian real gained back some precious ground VS the dollar. I know that sounded a little strange saying 'led by the Brazilian real' as I normally associate the currencies being 'led by the euro'......
  • Germany & France Exit The Recession...

    In This Issue..

    * Currencies rally...
    * Eurozone growth unexpectedly stronger!
    * FOMC extends QE...
    * Norges is the first!

    Good day... And a Tub Thumpin' Thursday to you! Well... Turn-around Tuesday came 24 hours later this week! HA! Yes, the currencies came back yesterday, but not with a lot of conviction... You see... Stocks rallied, but that doesn't mean what I talked about yesterday still won't happen... Be careful there!

    The euro has received some additional love this morning, as the Eurozone's economic growth printed better than expected, albeit still negative... But... Germany and France showed growth, which I must say is very unexpected! That means that both Germany and France have exited the recession... Well, that is at least for now! For those of you keeping score at home, Eurozone GDP fell -.1%, which is far better than the -.5% that was expected... Oh! And this is for the 2nd QTR... You would have to think that data like this would be very good for the euro, and from the looks of it, that's exactly what's happening!...