German Business Confidence…came out softer than expected in April, falling from 104.8 in March to 102.4. That was quite a tumble in business confidence, and apparently wipes out the previous three months of stronger confidence.
Good day… When I signed off yesterday, several of the currencies were at or near record levels versus the U.S. dollar and the U.S. data that were going to be released didn’t look supportive.
I find it interesting that Big Al is getting testy about all the fingers being pointed at him for this mess. I believe I may have been one of the first to point a finger at him when the housing bubble was getting bigger and bigger. And now…today’s Pfennig!