As you’ve likely heard, a Chinese company will soon own the Hummer brand. Heh, let’s count the ways this transaction epitomizes the new economic landscape…

Dow, Oil and Gold all Doing Well.

Euro goes back and forth over 1.42…Geithner make another promise to China…RBA leaves rates unchanged…The Mogambo on a Tuesday! And Now… Today’s Pfennig!

The US stock market is enjoying one of those delightful episodes when all news is good news. The Dow Jones Industrial Average jumped 221 points yesterday to 8,721 – lifting the Blue Chip index to within a whisker of a positive year-to-date performance.

GM’s Chapter 11 Bankruptcy and the US Governments International relations

old was taken down a few dollars in Sunday night trading by the bullion banks in New York…but once Sydney and Hong Kong opened for the day, gold [and silver] returned to the plus column. Gold saw its highs moments before Hong Kong closed…and silver shortly after…in early trading in London. From there, both metals got slowly sold off. The real action didn’t start until the Comex open, where every rally attempt in either metal…but gold in particular…got sold off by a not-for-profit seller.

Too far, too fast? Currencies give back some ground…Did China send a message? The Mogambo and more! And Now… Today’s Pfennig!

In the currency market, the dollar plummeted against the euro. Late Wednesday, the euro was trading at $1.3829 vs. $1.3633 on Tuesday.

The U.S. Treasury Department’s is pressing the go button on its Public-Private Investment Program and re-expanding the $1 trillion Term Asset-Backed Securities Loan Facility (TALF).

In the currency market, the dollar declined against the euro. Late Monday, the euro was trading at $1.3535 vs. $1.3471 on Friday.