Jack the Pipper

The profit-taking may have already begun after seeing the US dollar muster up strength here and there over the last couple days. But either way, RBA governor Glenn Stevens and his boys are seeing that the profit taking lasts a little bit longer.

Excess Reserves on Bank Balance Sheets…this chart is almost comical in its appearance. Thus, no surprise lending to the real economy has declined this year as financial markets soared…but still hard to fathom given the weight of all that money…

We are quite happy to see the IMF upgraded Asian growth. We were pleasantly surprised with the better than expected GDP report yesterday. We are looking forward to eating belling busting barrels of candy tomorrow.

In Florida we have two seasons: summer and not-summer. And even though the leaves don’t really change colors, the ocean temperature hasn’t budged and we still need our central air conditioners as we inch toward November, we think we can still feel a change happening.

McGee reduced the price for a beer this month to 3.50 euros ($5.18) at his hostelries after the pound’s 12 percent drop against the euro in the past year led customers from the U.K. province of Northern Ireland to stay home.

Would you think I was crazy if I said I am 100% certain the value of the Eurozone economy would eventually fall to zero?

I am a little hazy this morning after a long flight back to south Florida last night from a trip to Vancouver this weekend. But it was worth it.

There’s a very good and little‐known movie starring Anthony Hopkins. The title: World’s Fastest Indian. It’s about a New Zealand man who made it his life’s goal to break the land speed record on his motorcycle. It’s been called a “feel‐good” story.

You can look at crude oil lately; or you can look at the Reuters-Jefferies CRB Index. Either way you’re probably going to come away with the idea that commodity prices have been rising.

Mervyn King delivered a speech yesterday on banking reform, and the market seemed to like it–as the pound has surged