Fed opens the pocket book…  Creative measures…  Inflation/dollar debasement concern…  Currencies soar…  And Now… Today’s Pfennig!

Disappointing data…  Euro held ground…  Down under… And Now… Today’s Pfennig!

Speaking at his annual press conference Friday, Chinese Premier Wen Jiabao announced more than $200 billion of new spending to bolster the nation’s flagging economy. However, Wen also voiced concern about China’s financing of U.S. debt – which U.S. President Barack Obama is counting on to fund this country’s massive stimulus plan. 

Around these parts, no one can touch Bill Bonner when it comes to taking down New York Times columnist Tom Friedman.  But Friedman’s latest is too much for me to resist.

Everything but Treasuries trades heavily…  Fundamentally speaking on Australia…  Bank of Canada to cut rates today…  Tell me your story… And Now… Today’s Pfennig!

US$ continues to be propped up…  SEK moves up vs. the US$…  Japanese yen falls….  Gold prices come down … And Now Today’s Pfennig!

Growing up in a depressed mining area (coal mining isn’t profitable for anyone but the mine owners) teaches you things you would never learn otherwise. This is the only advantage of growing up economically challenged. The word poor is so not cool anymore.

Profit in 2009:  Think like a Fed governor… A “mere” 25 banks failed in 2008… proof that the FDIC expects many more next year… Retail on the brink… preliminary reports suggest holiday consumption even lower than anticipated… So who will thrive in 2009? An unsavory list of stocks prime to benefit from a lousy economy… Middle East moving markets… why news from Kuwait and Gaza is affecting your portfolio today… Byron King on the $200 billion consumer bailout Congress never passed

Gaza bombing has dollar on the run…  More proof we’re turning Japanese…  Adding to the debt burden…  What will deflation do for the dollar? And Now… Today’s Pfennig!

I thought I was dreaming when I read on Bloomberg.com that short-term Treasuries rose in market value as buyers rushed to buy them, thus “pushing rates on the three-month bill negative for the first time, as investors gravitate toward the safety of U.S. government debt amid the worst financial crisis since the Great Depression.”