Earnings reports begin this week…  Dollar, yen, francs get bought…  Medvedev shows off new coin!  A busy week! And Now… Today’s Pfennig!

A 4-day rally…  High Yield demand continues…  Home Prices slow to recover…  Paulson comes out from under the bus…

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!

Retail sales disappoint….  Chuck’s views on the Lone Prop…  Waiting on the ECB…  Emerging market currencies sell off…  And Now… Today’s Pfennig!

It took the statisticians of the National Bureau of Economic Research almost a year to confirm what the rest of us already knew, that the US registered a significant decline in economic activity, thus officially entering a period of recession.  While I am pleased that the members of NBER take their duties seriously, thereby ensuring that they don’t leap to any hasty conclusions, I only wish that similar moderation could be displayed by their colleagues at the Fed and the Treasury.

Japanese yen rallies…  Renminbi stumbles…  A very tough data week in store…  Rate cuts all around the world… And Now… Today’s Pfennig!

As the economic crisis continues to unfold, recently a sense of uncertainty has begun to pervade the market. Even dyed-in-the-wool risk takers admit that they don’t know what to think anymore. Inflation, deflation, recession or depression – there are so many vagaries that it appears to be anyone’s guess what will happen next.

Investors better keep an eye on bonds this week.While the stock market may be more fun to follow, fixed income is often a stronger gauge of investor expectations of the economy, future U.S. Federal Reserve policy, and inflation.

Has Federal Reserve chief Ben Bernanke suddenly turned into an inflation fighter? To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday.

Kohn gives the wink and nod… GDP is revised up to .09%… Dollar Bulls dancing in the streets… Oil prices fall…