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  • Greek crisis is sooo yesterday...

    In This Issue..

    * Merkel urges action on Greece...
    * Brazil raises rates...
    * Sterling rises on UK election polls...
    * Precious metals continue to climb...

    Good day, and what a glorious day we had here in St. Louis. The sun was shining yesterday afternoon as the Cardinals completed their 4 game sweep of the Braves with a big 10-4 win. The day was capped off for Chuck and a bunch of his parrot-head friends with an outdoor concert from one of his faves - Jimmy Buffet. I'm sure they had a great time, as it is hard not to when the weather is perfect and Buffet is up on stage. Investors worldwide seemed to be in a better mood also. The worries of Greek sovereign defaults were in the past, and traders rushed back into currencies which could give them a yield advantage....
  • A week of interest rate decisions...

    * A week of interest rate decisions... * Pound Sterling drops again... * Brazil and Mexico continue to dominate... * Gold and Silver fall... ** A week of interest rate decisions... Good day...The dollar stayed in the pretty tight range it has established over the weekend, gaining some strength over the weekend after losing some ground on Friday. Should be an exciting week as it is 'Interest Rate Decision' week as a number of central banks will be announcing their new rates. I think the rate announcements will reinforce my feelings that the world's economies are heading down divergent paths, with some economies heading down a recessionary path while others maintaining good growth rates. As expected, the US unemployment rose to the highest level in more than four years as employers cut jobs again in July. But the decrease in payrolls was slightly less than forecast, so some were saying 'it isn't as bad as we thought'....