Good day… And a Tom Terrific Tuesday to you! Well… Yesterday, I realized that I couldn’t eat all day on Sunday, and expect to want to eat on Monday! But I’m ready to do so today! HA! I also realized yesterday just what a Donnie Downer I’ve been lately, with my insistence that there’s something going on to pull the wool over our eyes… That may be, but I’ve got to be more upbeat, eh?
[Read more...]Currencies Hold Ground Ahead of Jobs Jamboree
February 3, 2012 By Leave a Comment
This morning, the currencies look pretty much like they did yesterday when I left the office… There’s still the Sword of Damocles hanging over the euro (EUR), in the form of Greek negotiations to obtain help from private lenders. This has dragged on now for over two weeks, and I’ve given up on it happening… You only have to disappoint me twice before I get the message!
[Read more...]Commodities Take Off!
January 27, 2012 By Leave a Comment
The Greek talks returned to the headlines this morning. I know I said this last Friday, and I was a little too optimistic and turned out to be wrong! But… I do expect this agreement on a private-sector involvement in Greek debt to get hammered out this weekend… It seems that the opposition from eurozone policymakers is backing off, and that has me optimistic once again.
[Read more...]Home Prices Keep Falling
January 23, 2012 By Leave a Comment
Good day… Should be an interesting week, as the ECOFIN people meet and Greece is still working on their debt and… this will be my first full week of work in over a month, so all in all, pretty interesting!
What I also found interesting on Friday was the price action of silver… I don’t know if you follow silver or not… I do — very closely, I might add! But silver was outperforming gold by a long shot, rising over $1 on the day, which you don’t normally see in the silver price action. My colleague Aaron yelled over the desk to ask me what was going on with silver, as he too watches it closely… I couldn’t really find anything out there, so the thought came to me very quickly that silver must be playing “catch-up”…
[Read more...]Eurozone Data Continues to Print Weak
January 6, 2012 By Leave a Comment
There’s a lot to get to this morning… but front and center is the Jobs Jamboree Friday… The first one of 2012, although it is December’s job creation report. The ADP jobs report yesterday, which was supposed to be the “indicator” for the Jobs Jamboree, but never really materialized as such, reported that 325,000 jobs were created in December… Now, that would be something to crow about… It will be interesting to see what the Bureau of Labor Statistics (BLS) comes up with… As I told you earlier this week, this is also the month were the “adjustments” to previous BLS reports are made… However, those won’t get a spotlight, and mass media coverage… They are done under the dark of night, sort of like the bill that was signed on New Year’s Eve by the President… If you’re not aware of that one, you should be… Your personal freedoms could very well hang in the balance…
[Read more...]Brazil Quietly Scraps its Tax on Foreign Investment
December 7, 2011 By Leave a Comment
Today is our country’s first day of infamy… Pearl Harbor Day… I hope to visit Pearl Harbor some day, and pay my respects to those American soldiers and sailors who were attacked when we weren’t even at war with the Japanese… A day for us all to stop and think about what happened that day.
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German Business Confidence Hits Seven-Month High!
The markets seem to be pushing the euro (EUR) past 1.33, this morning. And with the euro trading in a higher handle this morning, the rest of the currencies are reacting favorably. So the dollar is being chased to the woodshed.
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