When India unveiled its annual budget on July 6, it immediately caused a sharp drop in the rupee, as well as a 5.8% decline in the benchmark BSE Sensex stock index that had soared 55% so far this year.

Keep an eye on the Chinese and Brazilian stock markets on Monday.

Currencies rally…  More on the BRIC’s…  New Zealand’s GDP contracts..  Bernanke gets grilled! And Now… Today’s Pfennig!

A Turn Around Tuesday?  BRIC meeting doesn’t get covered by the media?  Are the Bearer Bonds real or fakes?  QTC’s get Gov. backing! And Now… Today’s Pfennig!

We’ve been musing on the fate of US debt for some time now. It’s no secret that we’re bearish on the fate of US Treasurys and the buck. (It’s no accident, dear reader, that your editor lives outside the US of A. We see the threat of inflation on the horizon, a dark and foreboding cloud, and we don’t like it one bit.) And the mixed signals from China and Russia on their Treasury holdings doesn’t make us sleep any easier at night.

Currencies stop the dollar’s run… BRIC meeting could get ugly for the dollar… RBA meeting notes good for Aussie dollars… Depressing data / forecasts for housing… And Now… Today’s Pfennig!

Russia’s Fin Min talks up the dollar!  Currencies, commodities, stocks all lose ground…  Who’s car is uglier … Gold hit a 3-week low… And Now… Today’s Pfennig!

Last August, in an exclusive article to Oxford Club members, I badmouthed decoupling – the theory that the rest of the world (particularly emerging economies) could somehow party on while the U.S economy endured a recession.

For quite some time I was interested in recommending that my readers invest in Russia. I still had concerns about some political issues and organized crime in the country.  Most experts out there tell people to stay away from Russia, so I knew I had to do further research myself.