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  • Germany Talks Tough!

    In This Issue..

    * Euro's big rally stalls...
    * Problems with Greek Aid Package?
    * A U.S. debt update... (you're not going to like it!)
    * What about the $53 Billion?

    Good day... And a Marvelous Monday to you! It was a wet, and sometimes dangerous weather wise weekend here in St. Louis, as a couple of tornados touched down on Saturday. It's still raining outside, and even though the euro got to get out of the rain for a bit on Friday, it's raining on the euro's parade once again this morning.

    Yes... As I left you on Friday, Greece had announced the activation of an aid package, and momentarily, things looked up for the beleaguered Eurozone. The euro continued to gain throughout the day on Friday, and well, looked like it was about to 'break out'... But that was Friday, and today is Monday... And all the euphoria surrounding Greece on Friday has been thrown out with the bathwater, and it's back to euro bashing this morning......
  • More Baby Steps For A German Economic Recovery...

    In This Issue..

    * German unemployment falls!
    * RBA disappoints the markets...
    * China to buy Canadian company...
    * ISM to print positive?

    Good day... And a Terrific Tuesday to you! And Welcome to September! Well... Here's a thought to get our engines started this morning... Bill Bonner of the Daily Reckoning ( www.dailyreckoning.com )had this to add to my ranting about our National Debt going to over $20 Trillion in the next 10 years, due to deficit spending...

    'The Obama administration, for example, expects to run $9 trillion in deficits over the next 10 years - and that number is based on a recovery! Imagine what will happen if the economy doesn't recover?'

    ...