A large “mystery” bank is scrambling for late night cash.   At the close of the quarter, an unnamed bank paid 7% for overnight money from the Fed.  The mainstream and the Fed claim this to be normal behavior at the end of the quarter, but don’t believe it for a second.

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

As the post-Memorial Day hangover lingers, and $4 per gallon gasoline becomes a national reality, expect more and more daily energy prognostications.