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  • Turkey For Me, Turkey For You.

    In This Issue.

    * Germany reaches accord without raising taxes .

    * Currencies & metals bounce back.

    * Negative Deposit rates in the U.S. ? .

    * And, let's give thanks .

  • Who's Still OK With Deficit Spending Now?

    In This Issue.

    * Currencies & metals allowed to hold gains.

    * Canada pension board to buy A$'s.

    * Taxes are going to the moon.

    * Who said that?

  • 110 Billion euros For Greece...

    In This Issue..

    * Aid Package for Greece is approved...
    * Aussie Gov't proposes a 40% mining profit tax!
    * ANZ Commodity Price Index rises 14th consecutive month!
    * Jobs reports this week...

    Good day... And a Marvelous Monday to you! Well... I'm back in the saddle today... It's been a long time, now, I'm coming back home. I've been away now, oh how, I'm coming home! Yes... I'm actually here, at my desk, and I'm not squinting, I'm not closing my eyes, and I'm not in pain! YAHOO! I've decided to go 'patchless' for now at least... More later on what's going on with the removed eye...

    Front and center this morning... Greece accepted the bail out terms from the Eurozone yesterday, and Germany says that Greece should have their funds by Friday... After months of hemming and hawing about whether Greece should receive funds, or whether or not Germany would actually release funds to Greece, it looks as though it's all coming to an end.... For now!...
  • Loose Lips, Sink Ships...

    In This Issue..

    * Greek PM stops currency rally...
    * Will Fed stop mortgage buying program?
    * Aussie jobs report is strong!
    * The history of a Pfennig For Your Thoughts...

    Good day... And a Terrific Tuesday to you! The monsoons are coming to the Midwest... I believe I saw the weather report for this area showing rain today and the rest of the week... I should leave my car outside, to get a 'wash'! HA!

    Well... During World War II, there was a saying, that, 'loose lips, sink ships'... I think Greek Prime Minister, George Papandreou, should have taken those words to heart yesterday... You see, the currencies, led by the beleaguered euro, were rallying, and the single unit was nearing 1.37, when Papandreou made a statement that sunk the rally's ship... He said that 'Greece's debt problems could soon spread to the rest of Europe and mean a weaker euro'...
  • Today is Tax Day!

    In This Issue..

    * Currencies trade in a tight range...
    * All Risk takers... Out of the pool!
    * Retail Sales really disappoint!
    * A plethora of data reports today...

    Good day... And a Wonderful Wednesday to you! Well... It's Tax Day, and to keep with tradition in the Pfennig... Here are the Beatles...

    (if you drive a car, car;) - I'll tax the street;
    (if you try to sit, sit;) - I'll tax your seat;
    (if you get too cold, cold;) - I'll tax the heat;
    (if you take a walk, walk;) - I'll tax your feet.


    'Cause I'm the taxman,
    Yeah, I'm the taxman.

    OK... Every year, I bring you a different part of that song, which was so prevalent in my mind as I wrote out my check last night to mail my taxes......