Jack the Pipper

Australia’s dollar is little changed since the overnight announcement by the Reserve Bank of Australia to slice another 100 basis points off its benchmark interest rate.

Just maybe the market is catching on to the potential problems facing the commodity currencies–China. The Reserve Bank of New Zealand made it very clear by its statement and recent 150 basis point cut that this crisis is intensifying.

A nice gesture – is that what the US government is hoping to pass under our noses with their most recent stimulus bill?

I don’t know about you, but I’m becoming bailout fatigued. I’m to the point where I want all talking and commenting on the bailout to end.

Turning to the news … We got a bit of a surprise yesterday. In the US, existing home sales rose. That’s right … sales of existing homes did not fall … sales of existing homes did not stay the same. They rose.

All things gold are glittering in light of a deepening global recession/depression as the muckedy-mucks file into Davos to once again enlighten the world and cook up assorted conspiracies for the New Year

Yuppy-fication is killing us! One of the problems I’ve lamented about over the last several years is what I refer to as the Yuppy-fication of Wall Street.

I’ve been told not to use a question as a headline for an article – apparently it’s just not as effective, say the pros. But I can’t help myself; it’s not my style.

Not being a fan of mass hysteria myself, and always nervous when Kings are fabricated for a so-called democracy, I chose to watch dollar rally yesterday instead of the coronation. That was good!

I’m not sure if you’ve heard, but today is the day Barack Hussein Obama gets inaugurated as the next President of the United States of America.