Say what? Geithner begs for higher debt ceiling, says it will restore world confidence… Deficit now three times last year’s record… so Congress buys 8 private jets… A currency sea change? Bill Jenkins on the dollar’s surprise rally… Jim Nelson on the best sectors for income investing… John Williams digs deeper into Friday’ jobs report… four data distortions you need to know…

Dollar rallies on N. Korea warning…  Emerging Markets decouple…  A debt upgrade for New Zealand…  Swiss francs rise despite SNB warnings… And Now… Today’s Pfennig!

The BLS adds jobs…  Growing Deficits again… Jim Rogers….  A Trade Surplus for Canada… And Now… Today’s Pfennig!

Senate rejects auto bailout…  ECB pushes back from the rate cut table…  Goldman and Citigroup predict a dollar fall…  China to continue to appreciate… And Now… Today’s Pfennig!

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

The bear market in commodities may last for six to nine months before prices rebound in 2Q of next year, according to a report by Bloomberg.

The report is just the latest in a series of Big Media stories on the death of the six-year commodities bull run, aka “the commodities bubble.”

Eric Roseman in The Sovereign Society says the mainstream press have got it wrong on commodities. What we are seeing is a correction in prices, not a trend reversal. And it’s creating the best entry point for new investors in more than three years. 

The dollar may have gotten up from its death bed, but the recessionary US economy will limit the recovery time, says The Daily Reckoning’s currency expert, Chuck Butler.

Don’t mistake the U.S. dollar’s recent rally for strength. If anything, it’s a head fake of legendary proportions. In fact, the dollar’s recent run-up is actually a warning that risks are escalating.

Cautious trading seen ahead of Fed. Gold stayed almost entirely within a tight $5 range from the far East straight through the New York session on Monday, finishing at $893.20, up $8.20 from Friday. Overnight, gold has fallen off.

We’ve seen this type of dollar frenzy before, but calmer heads have always come back to the table to point out the awful fundamentals that the dollar carries around like an albatross around its neck.