The Swiss central bank just cut back interest rates for the franc. World currencies are in a race to the bottom. Only the U.S. dollar seems suiidally determined to remain high…

651K jobs lost in Feb…  Dec. and Jan Job losses revised up…  Talking Norway, Canada, Australia… Brazil stealthlike for 3 months… And Now… Today’s Pfennig!

As the worst financial crisis since the Great Depression continues to worsen, decades of deregulation and the growing independence at the state level are being reversed as a deteriorating national economy forces the federal government to increasingly take on responsibilities that no other institution has the power or resources to handle.

India’s economy has not escaped the global downturn. But growth is still much higher than the developed world. Aggressive rate cuts and a fast-growing service sector will help revive the economy. Mike Caggeso picks two deeply undervalued Indian companies with a strong potential for profits.

The currencies rally back! …  The risk takers are back! …  Mixed bag of economic reports…  A “cross thing” for sterling… And Now… Today’s Pfennig!

The currency markets reaction to the Federal Reserve’s recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.

Japan’s gold exports have doubled this year as individual investors locked in profits after gold prices soared earlier in the year, but retail demand for bullion has been picking up steadily over the past few months.

FOMC to cut further…  Bernanke turns his back on inflation…  Kiwi and Australia rally…  Gold continues to shine… And Now… Today’s Pfennig!

China’s once-rampant inflation has cooled to its slowest pace is 22 months, opening the door for aggressive interest rate cuts that could potentially kick-start its economy back into high gear.

Global stocks decline as gloomy economic news flow resumes… Euro zone services activity falls to a fresh record low… Central banks expected to cut rates aggressively… MSCI World stock index down 0.4 percent