The dollar rallies big time!  A dollar conspiracy?  Bailing out the automakers?  Weathering the storm in N.Z.?
And Now… Today’s Pfennig!

The China good feeling dissipates…  Currencies lose their edge…  Fannie Mae needs more!  Silver manipulation? And Now… Today’s Pfennig!

Fed cuts rates 50 BPS!…  Currencies rally Big!…  3rd QTR GDP to go negative?…  I.O.U.S.A. … And Now… Today’s Pfennig!

U.S. stocks soar!  Currencies rally!  Consumer Confidence at an all-time low!  Getting off the bench! And Now… Today’s Pfennig!

As I stretched out on a pile of rotting cabbage in preparation for this exciting bit of news, I was actually all tingly at the thought of seeing how the inequality between the rich and the poor can be shown to be offset by sheer variety of goods in the marketplace!

Has Federal Reserve chief Ben Bernanke suddenly turned into an inflation fighter? To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday.

Multicurrency distortions make multicurrency loans look better than they have for some time.

The dollar’s slump is of great and immediate concern because, while the dollar has been slipping only gradually in the recent past, the rate of decline has picked up momentum.

Multi currency investments can reap rich rewards right now. Take, for example, this multi currency Brazilian investment. The recent drop in U.S. dollar interest rates means you can now borrow dollars at between 4.175% and 4.875%.

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!