At best, the ECB doesn’t sound like they are ready to CUT rates any time soon… So, the euro gets to hold on to its positive interest rate differential to the dollar…

The problem here is that Fed Head Fisher is a Lone Ranger. Big Ben doesn’t share his thoughts, and when the Fed meets later this month and cuts rates, Fisher will probably be the lone wolf on dissenting.

The U.S. rates are going lower, and you can take that to the bank! OK, well…Maybe the legal beagles won’t like me saying that, so, let’s just say, I think that you should think that U.S. rates are going lower.

I find it interesting that Big Al is getting testy about all the fingers being pointed at him for this mess. I believe I may have been one of the first to point a finger at him when the housing bubble was getting bigger and bigger. And now…today’s Pfennig!

Good day… And a Wonderful Wednesday to you! I’m draggin’ the line this morning, so if I seem to trail off at times, it’s simply that I started to nod off while writing! Nah! That couldn’t happen, could it? I guess we’ll see!