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  • Counting Flowers On The Wall...

    In This Issue..

    * A non-movement day in currencies...
    * Euro gets hit again by Greek debt levels...
    * Asia is bellwether for global growth...
    * Gold rallies!

    Good day... And a Thunderin' Thursday to you! I hear that the "rains" are coming today, and will be around until next Tuesday! We'll be water logged, eh? I want to thank everyone who sent along the 'welcome back' notes yesterday. I need to make something clear... I'm not at the office... Not yet, they won't let me... So, I'm writing from home, and I have to pat myself on the back because I didn't complain one iota about writing from home yesterday! HA!

    Talk about counting flowers on the wall, playing solitaire till dawn with a deck of 51, and all those other things that fall under the category of being bored, and dull... That was the day in currencies yesterday......
  • Big Ben Talks Rate Hikes...

    In This Issue..

    * Currencies trade in a very tight range...
    * Aussie job creation soars!
    * Oil pushes loonies higher...
    * The Mogambo Guru returns!

    Good day... And a Tub Thumpin' Thursday to you! Well... It's a BIG night at the Butler house... Not really at our house, but more the Fabulous Fox! My little buddy Alex, and the jazz band he plays guitar for, will be performing tonight at the Fabulous Fox, which for those of you not familiar with the Fox, it's a beautiful refurbished theater here in St. Louis... Alex also has a big guitar solo, so this should be good!

    OK... Well, the 'experts' that thought the Trade Deficit was going to narrow in December got their lunch handed to them yesterday, when not only did the Trade Deficit NOT narrow, but widened from $35 Billion to $40 Billion! Now that stinks! And... I'll tell you right now, it will deduct from the 5.7% GDP figure that was printed a couple of weeks ago. Yes, this increase in the Trade Deficit will probably reduce the GDP figure to at least 5%...

    ...
  • Back To the Greece Debacle...

    In This Issue..

    * The dollar rallies overnight...
    * Gold loses $10...
    * Retail Sales for December are negative!
    * Chinese games with the renminbi continue...

    Good day... And a Happy Friday to one and all! I said on the way to work, as I hit each stop light on green, that it was going to be a Fantastico Friday! I mean, why not? 1. it's a Friday, 2. it's a payday Friday, 3. it's the start of a 3-day Holiday weekend! Shoot Rudy, I thought to myself, as I drove to work, 'nothing can spoil this day'...

    But... Then I got to work, turned on the currency screens, and it hit me like a slap in the face! The euro has led the non-dollar currencies down VS the dollar overnight... After spending 3 days this week, hovering back and forth over and under the 1.45 handle, the euro finally succumbed to some selling......