Jack the Pipper

Increasingly it appears China is defying the skeptics (and we have been major skeptics). There is evidence (some may say flimsy but no matter) China’s stimulus is working.

There’s a steady stream of analysts now taking their chance at calling a bottom for stock markets.

If you have been reading our daily missives you probably know that we’ve dubbed the problems in central and eastern Europe as the Achilles Heel for the euro as these problems can easily be transmitted into big trouble for European banking.

What’s the story? Is bad news priced into the markets? More specifically, is the crummy potential for first quarter US earnings season priced into markets?

Now that gold has slipped below seeming near-term chart support at $893; is the next level at 858 in the cards?

A new world order has emerged. Well, Mr. Gordon Brown said so!

Rumors around the G-20 so far seem to be leaning towards positive. No doubt, expectations had been set very low. Not surprising to us, for several reasons. Among them …

A reader sent an email the other day asking us if we could stop being so depressing in Currency Currents. I told him we’d try.

Thomas Griffith was quoted as saying, “The news is staged, anticipated, reported, analyzed until all interest is wrung from it and abandoned for some new novelty.”

We expected a major G‐20 bust, and thank goodness it is shaping up to be so. We say that not because we want global economic failure, but because we believed this idea that throwing more money at our problems was only a recipe