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  • The BLS Attempts A Fast One...

    In This Issue..

    * Chuck in the Wall Street Journal!
    * Feb Job losses -133,000
    * Oil pushes Petrol currencies higher...
    * Volcker believes euro to stay...

    Good day... And a Marvelous Monday to you! Was your weekend grand? The temps were below normal, but the sun filled a blue umbrella sky for most of the weekend, and for that I get a smile on my face... For those of you who don't like me going into personal stuff, and would much rather me stick to the facts, you'll want to skip ahead a few paragraphs, for I've got some very important personal stuff to talk about... If that's you... I'll see you in a bit... Otherwise, for the rest of us... Here goes!

    ...
  • European orders support the Euro...

    In This Issue..

    * European orders increase more than expected...
    * Was Cash for Clunkers necessary?...
    * Roubini sees a 'W' not a 'V'...
    * Lessons from Mary Poppins...

    Good day... And welcome to another week, the last one in August! The weather here in St. Louis has shifted toward fall, which is my favorite season. Chuck is flying back home from San Francisco today and will be back in the saddle tomorrow. Both he and the big boss, Frank Trotter, sent me some great Pfennig pfodder over the weekend so lets get right to it.

    The dollar continued to drift lower throughout the trading day on Friday, with the commodity currencies of Australia, South Africa, and New Zealand leading the way. Confidence is returning to the markets, and investors are once again moving out of the 'safe havens' of the Japanese yen and US dollar. The reports coming out of Jackson Hole indicate that central bankers believe chances for near-term growth appear good and recent data seem to support this conclusion....