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  • When 8.5% Is Really 15.6%!

    In This Issue..

    * Job Losses Continue To Mount!
    * Currencies rally on the day...
    * Shhhhh! The Gov't wants to keep this quiet....
    * Richard Russell...

    Good day... And a Marvelous Monday to you! OK, it's Opening Day here in St. Louis, so traditionally I bring this to you on Opening Day... Beat the drum, and hold the phone, the sun came out today, we're born again, there's new grass on the field... A-rounded third, and headed for home, it's a brown eyed handsome man, anyone can understand the way I feel.....

    Yes, baseball freaks like me, believe we're born again every spring on Opening Day, for before that first pitch is thrown, everyone is in first place!...
  • A Jobs Jamboree for Friday!

    In This Issue..

    * G-20 Gives the green light to risk takers....
    * Currencies rally on the day...
    * A discussion on capitalism...
    * Yen continues to weaken...

    Good day... And a Happy Friday to one and all! A Fantastico Friday, as I head to my fave city in the country, San Diego. I'll be heading to the airport shortly after sending this out. The currencies rallied nicely yesterday, and I'll tell you why... So, let's go to the tape!

    Well... Remember all the talk about relaxing the FASB mark-to-market rules in the past couple of months? The announcement was made in the communique of the G-20 meeting. The Financial Accounting Standards Board (FASB) revised the rules to allow companies to use their 'judgment' to a greater extent in determining the 'fair value' of their assets. The board also made it easier for companies to avoid having to take impairment charges against earnings when they suffer losses on their investments....