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  • When Will Foreigners say "No Mas"?

    * G-7 kisses up to China... * The dollar swings a mighty hammer... * Eastern European loans weigh on the euro... * Gold kicks tail and takes names later! ** When Will Foreigners say "No Mas"? Good day... And a Terrific Tuesday to you! I trust your weekend was grand. I was lucky enough to have a 3-day weekend, and brother did I need one! Rest was the order of the weekend! Of course Saturday was Valentine's Day... Here's a thought for all us men that were standing in line at the flower shop... We need a "Hallmark holiday" where our significant others buy us tickets to baseball games! HAHAHAHAHAHAHA! OK... Well, Friday ended on a sour note for the currencies, and while yesterday was a holiday here in the U.S. the currencies continued to sell off, with the dollar swinging a mighty hammer. G-7 said very little about currencies, left yen alone, and praised the Chinese for their continued move toward flexibility of the renminbi......
  • Talking Stimulus Deux

    * Pending Home Sales surprise! * Eurozone Retail Sales slump! * Tax cuts don't create jobs... * Failure to follow through for the A$ ** Talking Stimulus Deux... Good day... And a Wonderful Wednesday to you! Well... I'm here! The Orlando Money Show... And guess what? Looks like I brought that artic cold front that had hit St. Louis, all the way down to Orlando! It's cold here! UGH! Well, not "cold" like at home, but "cold" for here! OK... Front and center this morning, we had a stock rally yesterday after the Pending Home Sales data printed a surprise number. And since stocks and currencies have been trading together the past few days, (we talked at length about this yesterday) that meant a currency rally as well! But! Neither stocks or currencies could break on through to the other side, break on through, yeah! So... That left them vulnerable to profit taking, and that's exactly what we've seen with the currencies overnight. We'll have to wait a couple of hours to see how stocks open up......