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  • 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......