Jack the Pipper

Does today’s price action foreshadow things to come after the G-20 meeting? Or is it another chance to sell the dollar again at a higher price?

Referencing the Quotable section above, I wonder what “thought leadership” really means. When I hear such a term used to describe any government body my instincts tell me it can’t mean anything positive, regardless of its intent.

“Analysts expressed hopes that the Chinese government’s 4 trillion yuan ($586 billion) stimulus spending package would eventually ease the downturn, which has hammered Asian economies that are heavily reliant on exports for growth,”

I pledge allegiance, to the flag, of the United Currency of the World, and to the International Monetary Fund, for which it stands, one Money, more powerful than dollars, indivisible, stealing economic advantages and liberty from all.

-verb (used without object) 1. to proceed by or take a winding or indirect course: The stream meandered through the valley. 2. to wander aimlessly; ramble: The talk meandered on.

The gold bugs are smelling blood. The new global currency crowd is out in full. And of course, just like that, we should all give up our sovereignty to some global policy committee so they can determine monetary policy for all.

Growing economic risk in Japan, reflected in the plunge in the Nikkei 225 stock index, seems to be finally hurting instead of helping the Japanese yen.

Ebb and flow from risk appetite to risk aversion still seems the key driver.

Australia – a country made famous to the United States thanks to Outback Steakhouse, Foster’s beer and the Crocodile Hunter…and of course, The Black Swan.

Our story, as you know, is not a positive one when it concerns the future of the euro. But, that is our story, and it may at times have little to do with the true story–price action! Mr. Price Action is always the final arbiter.