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  • We Won't Get Fooled Again!

    In This Issue.

    * Dollar rally pauses.

    * So does the rise in Treasuries.

    * Brazil's 3rd QTR GDP surprises!

    * Tax cuts VS extensions. a big difference!

    ...
  • The Bias To Buy Dollars Remains In Place...

    In This Issue..

    * The dollar continues to get bought...
    * The A$ gets rocked!
    * Riksbank keeps rates unchanged...
    * 10-year yields inch higher once again...

    Good day... And a Wonderful Wednesday to you! The end of the line, so-to-speak for me until after Christmas, as I begin my winter vacation tomorrow. Yesterday, I told you about having a conversation with one of my fave economists on Monday night. Well, she told me that she was worried about me. That when she reads the Pfennig, I sound like I'm too stressed out, and taking this stuff to personally. She said she was afraid I was going to have a heart attack writing the Pfennig one day!

    WOW! OK... So here's the deal today, my last Pfennig before Christmas... I'm not going to talk about the deficit spending fools in Washington D.C., I'm not going to talk about the national debt, I'm not going to talk about anything that gets my feathers ruffled... It's all seashells and balloons for yours truly today!...
  • Maybe, Just Maybe A Break In The Link?

    In This Issue..

    * Currencies consolidate...
    * Brazil posts a surplus!
    * Dr. Marc Faber speaks...
    * High yielders rule!

    Good day... And a Wonderful Wednesday to you! A very tight trading range day was in place yesterday for the currencies... In yet another sign that maybe, just maybe, because you never know, the currencies could be breaking their link to stocks... U.S. stocks jumped 196 points yesterday, and the currencies range traded... Hmmm....

    Not that this will become a 'stock jockey journal'... Stocks jumped on the news that Consumer Confidence surged this month... Talk about looking at things through rose colored glasses! Any way, Consumer Confidence surged... Better to have blips in Confidence than to be all negative all the time I guess! I also guess the stock jockeys took what was behind door number 1 (consumer confidence) and not was what behind door number 2, which was the Case-Shiller House Price Index......