Industrial Production declines…  Stocks sell off, leading currencies down…  Indian election spurs a rally…  China stockpiles commodities… And Now… Today’s Pfennig!

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

Of all the crazy events in 2008, seeing the Taj Mahal Palace hotel in flames on TV is one I’ll remember for a long time. Last year, when I traveled throughout India, my first stop was Mumbai (or Bombay, as people still call it). I stayed at the Taj Mahal Palace.

US data may wake up the markets… Toyota reports a loss…  NZD falls, AUD gains… Will the Rupee shine in 2009?… And Now… Today’s Pfennig!

Currency markets stabilize (for now)…  Data packed holiday shortened week…  China cuts rates… Indian rupee falls… And Now… Today’s Pfennig!

Santa rally continues…  Norway cuts 175 basis points…  Japanese intervention possible…  Indian rupee moves up… And Now… Today’s Pfennig!

“In the future”, noted the famous pop art icon Andy Warhol, “everyone will be famous for fifteen minutes.” Mr. Warhol was not setting the time limit of “fifteen minutes” because there were so many famous people in a queue who were waiting to become famous.