Jack the Pipper

The US will stop making a political issue out of it when China unleashes that puppy to run freely. How about that? So let’s commend President Obama for calling out China’s currency policy which could be dubbed “politically dictated”, at least.

Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we’ll get Canadian capacity utilization, import and export figures and the trade balance.

Remember, macroeconomics is like working with Playdough. When you push on one spot, there is a similar or equal reaction in another…

You probably read about it already; maybe you didn’t … Being proposed is a European Monetary Fund (EMF) — similar to the International Monetary Fund — that could step in and bail out Eurozone countries facing troubled fiscal situations.

Now that global recovery is gaining momentum, according to the pundits, and risk appetite is back on the table, maybe the US dollar index is due for correction

February US Nonfarm payrolls are reported tomorrow. Typically it’s a snooze-fest in the markets for the 24 hours or so leading up to that report.

Some analysts have the view that if Greece is stabilized it will prove the euro has passed a major test, and lead to a fresh new rally against the US dollar.

From the very first hint at a government stimulus effort in the US, there were plenty voices in the opposition’s camp trying to point out the perversity of pumping money into an economy that was already awash with debt and over-leveraged.

Ouch! The British pound got hammered this morning…and the euro ain’t acting as though the German/French plans to bailout Greece are going so well. Commodity currencies flat…but will likely take their cue from stocks again today.

About two weeks ago, I unfortunately had to attend a funeral for my wife’s uncle. He was really a great person–fun, intelligent, and a man with real integrity and deep religious conviction.