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  • 5.7% Growth In The U.S.?

    In This Issue..

    * Currencies get sold VS the dollar...
    * A Budget Deficit of 10.6% of GDP!
    * 4 Central Bank meetings this week...
    * A lost decade of employment...

    Good day... And a Marvelous Monday to you! In addition, welcome to February! The looooonnnnngggg month of January finally came to an end yesterday. We'll begin to see the daylight last a little longer each day in February, and that's a good thing! I've got trips to Orlando and Arizona this month, so that should break the month up, and hopefully it will be March before we know it!

    Well... According to the U.S. Gov't statistics, we have nothing to fear any longer with regards to our economy, inflation, deficit spending, interest rates, etc., for you see, the 4th QTR GDP had a preliminary print of +5.7%! It's all seashells and balloons for us now folks... That's what the cable news guys said, and that's what's all over the news wires... Forget about saving, go out and spend, everybody's doing it, they say! Just fork over those Gold coins, there's no reason to buy them any longer, for everything is fine here in the U.S.... There's nothing to see here, move along......
  • OMB Makes New Deficit Forecast...

    In This Issue..

    * The BLS adds jobs...

    * Growing Deficits again...

    * Jim Rogers....

    * A Trade Surplus for Canada...

    Good day... And a Terrific Tuesday to you! Well... I'm here! Lost Wages... No I mean, Las Vegas! It's such a long flight here! UGH! And the plane was packed... Like I said about a month ago, when you take a flight, it sure doesn't seem like people have cut back on spending!

    OK... Well, the currencies took a breather VS the dollar yesterday, and basically traded right around the currency round-up levels most of the day. Overnight, things were pretty quiet too... The markets are trying to figure out which way they are going to go with the dollar... The Deficit is growing, which SHOULD be bad for the dollar, but in recent times, fundamentals get a little hazy at times. So... Let's go to the tape on the Office of Budget Management (OMB)...