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  • Aussie Jobs Soar!

    In This Issue..

    * A back-n-forth day in currencies...
    * Aussies create 3X more jobs than forecast!
    * Euro to remain alternative reserve currency...
    * Brazilian Sov. Wealth Fund achieves weaker real...

    Good day... And a Tub Thumpin' Thursday to you! The daytime temperature reached 49 yesterday... As our little Christine would say... 'get the sharts out!' HAHAHA!

    Today, we're chock-full-o-stuff to look for, starting with a European Central Bank (ECB) meeting, and going through the morning here in the U.S. there'll be more 'stuff' for us to look for, like Retail Sales, and since it's a Thursday, the Weekly Initial Jobless Claims will also print. The Fed's Beige Book printed yesterday afternoon, and we've got that to discuss this morning too... So, let's get this Tub Thumpin' Thursday going, eh?

    Front and Center this morning... The Australian Jobs report printed yesterday afternoon, and it looks like we'll be able to put another mark in the "pro" column for an Aussie rate hike in Feb... Here's the skinny... Australian employment soared for a 4th straight month, as jobs created were 3 times more than economists estimated! The total jobs created was 35,200, and the jobless rate fell to 5.5% (from 5.6%)...

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  • It's All About The Stress Tests...

    In This Issue..

    * Tired of reacting to rumors!
    * Aussie dollar continues to rally...
    * More on China...
    * Bank of England keeps rates unchanged...

    Good day... And a Tub Thumpin' Thursday to you! We're stuck in a rainy pattern here in St. Louis, I just have to hope the rain stops long enough to get the day game at Busch in today!

    Well... The Stress Tests get their public showing today... The rumors continue to be something strange... Strange in that, one it's Bank of America (BOA) needing to raise $10 Billion, the next day it's $35 Billion, and then later in the same day, BOA doesn't need to raise any capital! Talk about wild swings of emotion! WOW!...
  • A Horrific Jobs Report!

    * 651K jobs lost in Feb... * Dec. and Jan Job losses revised up... * Talking Norway, Canada, Australia... * Brazil stealthlike for 3 months... ** A Horrific Jobs Report! Good day... And a Marvelous Monday to you! A wonderful weekend here in St. Louis, a taste of spring was in the air. I got to spend some time with some of my closest friends on Friday night, a good time was had by all! Well... Our Fantastico Friday was interrupted by that horrific Jobs Jamboree number that printed Friday morning... 651K jobs were lost in February, which let me remind you is a couple of days shorter than other months. So, it could have been worse! Hard to believe that could be the case, but it's true. The unemployment rate rose to 8.1%, from 7.6% in January. The jobless rate is the highest since 1983. The economy has now shed 4.4 million jobs since the recession began in December 2007, with almost half of those losses occurring in the last three months alone....
  • FOMC Minutes Point To Problems...

    * Questioning the Fed's moves... * Euros slow down... * Aussie hits 25-year high... * Oil hits $135!...