Currencies trade in a tight range…  G-20 to shun an exit from stimulus?  Gold and Silver and Oil… A new trend? Loonies follow the commodities higher… And Now… Today’s Pfennig! Good day… And a Happy Friday to one and all! Well… Once again, my day didn’t turn out exactly as planned, but as they say… A bad day at the ballpark is better than a good day and then you plug in the place… It could be work… It could be cutting the grass… Etc..

OK… I heard a great song on the radio this morning on my way to work… And I said to myself… Chuck, now that’s a great song to start a day with, that everyone should hear each day! It’s a song from the 60’s (of course!), by the Rascals, called… It’s a Beautiful Morning… Here’s the first verse, and if you know the song, I’m sure you’ll want to sing

A 4-day rally gets stopped at the border…  Home Prices fall at a -18.12% pace…  Alice Rivlin gives her 2-cents… * Kiwi bond maturities galore next month… And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you! As tradition with the Pfennig would have it, here’s my introduction to July… There I was… On a July morning… Looking for love… With the strength of a new day dawning, and… The beautiful sun…

Yes, for those “old rockers” from the 70’s like me… That’s Uriah Heep, at their best!

OK… So, welcome to July! The last day of June was quite the volatile one to say the least! There we were waiting for the S&P/CaseShiller Home Price Index to print, and show that home prices were still down by quite a bit, when it did, it did, it printed at -18.12%… But! The media was all over that like a cheap suit, clamoring that

Currencies rally…  More on the BRIC’s…  New Zealand’s GDP contracts..  Bernanke gets grilled! And Now… Today’s Pfennig!

Good day… And a Happy Friday to one and all! The end of what seemed to be a very long week… The last weekend in June, can you believe that? Next week, we’ll be getting ready for the 4th of July celebrations! WOW!

Well… What a volatile week it has been in the currencies! Up, down, all around, and settling back to levels that we saw before the Fed’s FOMC meeting earlier this week. Suddenly, investors are looking for yield again… Looks like they are “Desperately Seeking (not Susan) Yield! And why not? The Fed, and the Bank of Canada (BOC) have come out and said that there will be no interest rate hikes until we’ve turned quite a few pages on the 2010 calendar.

So, with investors clamoring for yield, the dollar gets taken to the woodshed… As I