Merkel leaves us wanting…  Gold soars higher overnight!  Indian rupees’ worst week!  Greenspan Very Bad Idea! And Now… Today’s Pfennig!

Prices for food in U.S. grocery stores jumped 6.6% last year – the biggest spike since 1980 – underscoring yet again that inflation is a much bigger problem than government officials, or most economists, say it will be.

Rogers and Roach… Dollar gaps higher!  Ireland’s problems…  Bad data… And Now… Today’s Pfennig!

Retail Jobs are cut in December! …  Dollar rallies on renewed Trading Theme…  Looking for the Obama bounce…  High yielders get sold… And Now… Today’s Pfennig!

The Fed fires its last bullet…  Euro breaks back above $1.40…  AUD and NZD rally…  And Now… Today’s Pfennig!

As expected, U.S. Federal Reserve policymakers slashed a benchmark interest rate yesterday (Tuesday). But they cut it by a bigger-than-expected amount, and did so in an unconventional manner.

Feel like getting angry? Treasury publishes latest debt/deficit details… But Fed now encouraged to intervene more… latest data show historic inflation drop… How to invest accordingly? Burritt on near-term trading, Grantham on the long haul… Byron King explains why $40 oil is “worst of both worlds”… Bill Jenkins explains the dollar’s recent downturn… Plus, the Dububble expands… refrigerated beaches on UAE shores…

The U.S. Producer Price Index (PPI) and Consumer Price Index (CPI) both fell in October. Those declines – combined with sharp downward spirals in worldwide stock and commodity prices – have caused many analysts, and even central bankers, to worry that we are on the brink of deflation.

Trading Theme returns…  Automakers’ bailout vote today…  Not using all your arrows…  Housing Starts go back to 1959! And Now… Today’s Pfennig!

Paulson says no to automakers…  Currencies trade in a tight range…  Richard Russell on a Wednesday!  TIC Flows improve… And Now… Today’s Pfennig!