Browse by Tags

Daily Pfennig

Blog Subscription Form

  • Email Notifications
    Go

Archives

  • Intervention Doesn't Work!

    In This Issue.

    * Currencies & Precious metals drift...

    * Renminbi appreciates 3rd consecutive day!

    * Thoughts on foreclosures...

    * Euro to 1.45?

    ...
  • Retail Sales Disappoint Again...

    * Dollar rally continues... * U.S. data continues to be weak... * Gold and the A$... * Sterling melts away... ** Retail Sales Disappoint... Good day... And a Thunderin' Thursday to you! Michael Phelps didn't swim in any finals yesterday, so no Gold for the U.S! I'm just floored by this kid! My oldest son, Andrew, was a pretty good swimmer in his day, but my goodness, this kid is on a different planet! OK... Well, front and center this morning, we have a report that just printed that shows U.S. Home Foreclosures rose 55% in July. Bank seizures almost tripled according to RealtyTrac Inc. That's sad folks, simply sad... I look at this report and shake my head in disgust for Alan Greenspan. Yes, Big Al Greenspan is the root of all evil in the housing meltdown... Sure there were the greedy folks that booked loans that shouldn't have happened and all that, but down at the root of the meltdown you'll find Big Al's picture!...