Speaking of the election next month… I’ll be out of town, so I have to make certain that I go vote absentee before I leave! It’s time to take out the trash… I don’t blame them… This all looks like a time bomb, with awful consequences… OK, you’ve all got 1 month to let your Senator, at least the one that’s not up for election this time, because they will be gone after the election, know you oppose this bill…Īnd why just Chinese imports? Why not Japanese imports too? I mean they manipulate their currency just as much as China does, and have been doing it for a long time! The Senate, apparently won’t touch this bill until after the November election. trade and economic relations, resist protectionism so as to refrain from any damage to the interests of both peoples and people around the world.” Congressmen to be clearly aware of the importance of China-U.S. The Chinese Foreign Ministry spokeswoman Jiang Yu told reporters… “we urge the U.S. is going to bite the hand that feeds them, as the House passed a measure that would let domestic companies petition for duties on imports from China to compensate for the weakness of the renminbi.Ĭhina responded by saying that this measure will not do anything to reduce the U.S. Well… The other day when I was gone, Chris did a good job explaining the problems with Ireland’s, Anglo-Irish Bank… It’s sad to watch, but think about this for a minute, if the euro didn’t have this Irish bank problem hanging over it like the Sword of Damocles, imagine just how much stronger the euro would be right now? Yes, it’s still in the red, year-to-date VS the dollar, but that red is beginning to turn green… You know the roster… Japan, Swiss, and Brazil… All three Central Banks were adamant about keeping their currencies weaker, only to see yen climb right back to where the Bank of Japan drew a line in the sand, the Swiss franc add to its gains over parity to the dollar, and the Brazilian real look like it could trade below 1.70 for the first time since last November! You know what’s funny to me regarding the currencies? The fact that the three currencies that have had their Central Banks proclaim that they were going to intervene to stem their respective currency’s appreciation, have… All posted gains year-to-date VS the dollar… So, much for the best made plans of mice and men, eh? Leading the pack for the month of September, we have… Drum roll please…Īll of the 16 “major currencies” put in positive performances VS the dollar in September, making this a September to remember!Ī readers sent me a story from Bill Gross, (the bond king from PIMCO), where he is quoted as saying, “the days of 10% returns are gone”…Īhem… Bill… I know that you are the bond king, but there are other types of investment opportunities out there that can produce 10% returns, especially if the negativity toward the dollar continues to mount! OK… On my way in to work this morning, the radio was playing one of my fave Pink Floyd songs, Comfortably Numb, which also happens to be a fave phrase of mine… Well, the song got me thinking about the currency performances this month, since this is the last day of September… And what a month it has been for the currencies and not so much for the dollar! The weather was absolutely chamber of commerce like, and the Cardinals, with all their rookies starting, won! It was also National Happy Hour Day, so, being someone that believes in celebrating “National Days”… Good day… And a Tub Thumpin’ Thursday to you! A fabulous day at the ballpark yesterday for yours truly. * Swedish krona is top performer for September!
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