US leading indicators push higher…  Labor department admits errors…  Ben Bernanke heads to the hill…  PIMCO suggests buying emerging markets… And Now… Today’s Pfennig!

At this point, it is good to look for the defensive plays that have been neglected in this upturn and for safe havens for investors taking profits from the recent run.  After looking long and hard, I came to General Mills Inc. (NYSE: GIS).

Like a vanquished enemy, inflation has been out of sight and out of mind. But old enemies can resurrect themselves.  And that’s just what’s going to happen with inflation, two fixed-income experts say.

The global investment trend is crashing into us at breakneck speed, says Andy Carpenter in Investor’s Daily Edge.

It’s a growing theme here at Contrarian Profits. As the US economy falters, many of the contrarian investment experts we publish daily are advising readers to go global.

Last week, William Patalon in Money Morning argued that every successful investor needs a China investment strategy,  and Taipan Daily editor Justice Litle wrote about how the most bearish man in America, Nouriel Roubini, is bullish on emerging markets. This from Andy…

With a wheezing economy that’s struggling with housing and credit problems – as well as a weak dollar – it’s clear the United States won’t be in the investment spotlight this year.

So far, the Fed’s magic is working: Sub-prime is leaving primetime.

Naturally, the auto industry has to downshift. Not only because gasoline is so expensive, but also because the average household is struggling to pay its other bills too. After it pays the interest on its debt, it has less left over than ever before.

Those Nasty Index Speculators. Is Correlation Causation? Where Are All the Tankers? Where Will Oil Prices Go? Is it 1980 All Over Again? The Middle East, California, and Help for Myanmar.

Sell America, sell its property, sell its equities and sell its bonds.