Good day… And a Marvelous Monday to you! Hereeeeeee’s Baaaaaacccckkkkk… Oh no! Just when you thought it was safe to open the Daily Pfennig and not get lectured on deficit spending… He’s back! Oh well, It’s been over two weeks, first to Vancouver, then on vacation.

Currencies rebound…  G-8 has no fireworks…  Aussie / China and coal… Entitlements… And Now… Today’s Pfennig!

A 4-day rally…  High Yield demand continues…  Home Prices slow to recover…  Paulson comes out from under the bus…

Overnight markets ambush risk assets…  Germany’s IFO Business Confidence gains again…  A$’s get pounded by opposite thought story…  More supply to auction off for the U.S…. 

Risk Assets soar! …  What’s behind this stock rally? … Charts and fundamentals…  Aussie Consumer Confidence Drops…  And Now… Today’s Pfennig!

Risk Assets soar!  German Investor Confidence surprises!  High yielders kicking tail…  Who’s afraid of the SNB? And Now… Today’s Pfennig!

Tired of reacting to rumors!  Aussie dollar continues to rally…  More on China…  Bank of England keeps rates unchanged… And Now… Today’s Pfennig!

The 31st bank is closed in 2009… China is showing signs of improvement…  The so-called “decoupling” taking place?
Jobs Jamboree ends the week… And Now… Today’s Pfennig!

Currencies rebound …  Budget Deficit makes up for Trade data…  China’s currency reserves continue to grow…  High yielders are best performers… And Now… Today’s Pfennig!

What’s $78 Billion among friends? Currencies fade with bias to buy Gold…  Could the Carry Trade Unwind be done?  And Now… Today’s Pfennig!