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!

In sports, championship-caliber teams all have at least one characteristic in common: They’re able to focus on the fundamentals.

A change in the Trading Theme? …  Gold rebounds Big time! …  ECB cuts 50 BPS, as expected…  Lots of lessons today… And Now… Today’s Pfennig!

Retail Jobs are cut in December! …  Dollar rallies on renewed Trading Theme…  Looking for the Obama bounce…  High yielders get sold… And Now… Today’s Pfennig!

The unemployment figures are downright depressing. 2008 turned out to be the worst your for jobs since the end of World War II. Will 2009 be even worse? If we continue making triple-digit gains, will any of it even matter?

We have almost made it to the Christmas break, but before we do, we have two days absolutely packed with reports. Tomorrow morning there will be five reports released, and Wednesday morning has three more.

The market has rallied eight times since it peaked last October. If Friday was the beginning of another rally, it would mark the ninth time.

U.S. payrolls data show steepest fall in 34 years… Dollar falls to 6-week low vs yen, but rises vs euro… Markets fully price another half-point rate cut

Forget about the office Christmas party this year, says Bill Bonner. That’s if you are lucky enough to still have a job. Throughout the country, businesses and households are cutting costs. And this is only the beginning. Bill says the Obama government will try to take up the slack in the economy. But that will just create more debt problems in the long term.

Job losses begin to accelerate…  Currencies inch higher…  News of the weird…  China announces a stimulus plan!