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* Will the ADP report be a good indicator? * China to slow treasury purchases? * Gold as a store of wealth... * Dealing with the devil... ** A Jobs Jamboree Friday... Good day... And a Happy Friday to one and all! A Fantastico Friday, as it is forecast to get to 50 degrees today here in St. Louis. Never mind that tomorrow's high will be 29! It doesn't take away from today! What a trading day in the currencies yesterday... Whew! It's a Jobs Jamboree Friday, so let's not beat around the bush... It's time to Jamboree! Today is the day the Gov't prints the December Jobs Jamboree, and if Wednesday's ADP report did what they said it was going to, and that is change their methodology to mirror the BLS (Bureau of Labor Statistics) then this morning's Jobs Jamboree will be a nightmare. Of course not the kind of nightmare that the over 2.5 million people that lost jobs in 2008 had! I was once in those numbers, as our old Bank, Mark Twain Bank, was bought by a bigger bank, Mercantile Bank, and Mercantile decided after a few months to perform ethnic cleansing of Mark Twain employees... I called it "my retirement" but with a 3 year old at home and on my lap most of the day, "retirement" couldn't last too long! My point is that you don't know the emptiness and failure you feel when they show you the door... So my thoughts are always with those that lose their jobs......

* Coordinated rate cuts...* Did the Fed reignite soaring inflation?* More pain in Iceland...* Revisiting the 90's in Japan... ** A New Trading Theme... Good day... And a Tub Thumpin' Thursday to you! Well... How about those wily veteran Central Bankers? They all got together and decided to cut rates... The Reserve Bank of Australia (RBA) went first with their 100 BPS cut, and opened the rate cut sea for the rest of the Central Banks around the world. The European Central Bank, The Riksbank (Sweden), Swiss National Bank, Bank of Canada, Bank of England, and the Bank of China all lined up at the rate cut table... The Bank of Japan, The Norges Bank (Norway), and Reserve Bank of New Zealand did not participate. The Bank of Japan doesn't have any rate to cut, The Norges Bank will wait until their regularly scheduled meeting on 10/15, and the RBNZ believes that they have taken their toxic waste bond flu shot......

* Dollar rebounds... * Big Ben's imagination... * More Risk Events... * Inflation lights a fire under the loonie... ** A Huge Data Week... Good day... And a Marvelous Monday to you! A weekend that was supposed to be filled with rain, was nothing but sunshine, and beautiful days. For once, I didn't make fun of the weather people that make the forecasts! But, as always, it was too darn short! The alarm went off this morning, and for a minute I thought, "to heck with this, I'm going back to sleep!" But, then as always, I got up to start the day. Well... Recall on Friday, the currencies had rallied very strongly on Thursday, and it looked like a reversal of the month-long dollar rally could be at hand... I had this to say in Friday's Pfennig: "But today is a new day folks... And what happened yesterday is now history... The attitudes could change in a NY minute, and the dollar be back in favor. This is what I'm talking about when I say things are less secure. Wishy-Washy market sentiment leads to very volatile markets, and that's what we saw yesterday... Now, let's move on to today, and see what Bullwinkle has up his sleeve. Hey Rocky, wanna watch me pull a rabbit out of my hat?"...

* The euro runs into a summer storm... * Plosser wants higher rates... Yeah, right! * Aussie dollar strength to return... * Canadian inflation pops higher than expected! ** A Perfect Storm... Good day... And a Wonderful Wednesday to you! A great day yesterday, as I was able to meet up with old friends, readers, and well wishers... So many people were just glad to see me here! I told them it was good to be seen! Looks like the oil rigs dodged a bullet with Dolly in the Gulf Coast, and that's a good thing! But Dolly will still hit South Padre Island today, please keep that in your thoughts today... Well... You know how I explained on a couple of occasions in the past couple of weeks, a Perfect Storm for the dollar? Well, those never materialized due to a number of reasons... Yesterday, we finally got that Perfect Storm, but it wasn't for the dollar... You know those Mid-Western summer storms, when in the middle of the day, it turns pitch-black, and the trees all begin bowing from the wind, and then the rain comes down hard? Well, that's much like what happened yesterday with the euro... Here's the skinny......

* The dollar has a mini-rally... * TIC's data... Very scary! * Sov. Wealth Funds dropping the dollar? * Inflation or deflation? ** Bunning Throws A High Hard One! Good day... And a Tub Thumpin' Thursday to you! The dollar rallied most of yesterday, but has backed off in the morning markets ahead of the Housing Starts data in the U.S. that will print later this morning. I've got some words to Big Ben from Senator Jim Bunning for you this morning, along with some more discussion on whether our bullet is inflation or deflation... All this and more, as we get to Tub Thumpin' on this Thundering Thursday! Well... As I mention above, the dollar was the belle of the ball yesterday, as the U.S. Financials recovered, thus giving those dollar / U.S. assets bulls a reason to believe... Someone like you makes it hard to.. No wait, that's Rod, not the reason these dolts bought dollar assets! The euro fell all the way to 1.58 and looked as though it would trade with at 1.57 handle, this just one day after trading above 1.60! What the heck was going on here? Ahhh, grasshopper, sit down, and listen......