Posts in Blog

Asia Works Toward A Way Around Tariffs…

July 2, 2018 Blog 0 Comments

July 2, 2018 * Currencies continued to rebound on Friday * The price of Oil jumps higher, but Gold remains without a bid… Good Day… And a Marvelous Monday to you! And welcome to July! It’s Pfennig tradition that we being July like this: There I was on a July Morning, I was looking for love. With the strength of the night behind me, and a road of my own- Uriah Heep… I made 4.5 hour drive to the beautiful home of Ray and Donna Hambuchen this past weekend. They were wonderful and gracious hosts to the whole Butler family! Their home is on the White River in Arkansas, and I could have sat out on their deck overlooking the beautiful White River every day of my life! Steely Dan greets me this morning with their great song: Rikki Don’t Lose That Number… I want to get this out of the way front and center this morning… With the 4th of July Independence Day Holiday on Wednesday this week, I’m going to make it a short week for me and the Pfennig… Today and tomorrow, and then off on Wednes..

Read More

The Canary In The Coal Mine… Emerging Markets

June 28, 2018 Blog 0 Comments

June 28, 2018 * Currencies stop spinning and go into reverse! *it’s Alex’s Birthday! Good Day… And a Tub Thumpin’ Thursday to you! Today is my youngest son Alex’s birthday… So Happy Birthday, front and center this morning to the young man that 20 years ago, used to sit on my lap, during my first “retirement” and help me write the Pfennig… Yes, even though the bank that had bought the old Mark Twain Bank and then performed ethnic cleansing on the Mark Twain Employees, got rid of me… I still wrote the Pfennig from my home, much like I do these days. Except then I had two kids in college, and a 3 year old at home. At the time I thought it was the end of the world losing my job, but when one door closes another opens, and soon I was working with the group led by Frank Trotter, to start a new bank, which would become EverBank… Charlie Daniels Band (CDB) greets me this morning with their song: Long Haired Country Boy… Now that’s one song that will get the crowd singing along! Well, th..

Read More

China & The U.S. Rethink Their Heated Exchange Of Words!

June 27, 2018 Blog 0 Comments

June 27, 2018 * Currencies spin their wheels yesterday, but get sold overnight * Gold gets whacked again… But Oil jumps higher! Good Day… And a Wonderful Wednesday to you! Crazy weather day yesterday, with wild storms in the early morning, sun and warm weather midday, and then followed by wild storms again to end the day. Robert Plant and the Honeydrippers greet me this morning with their song: Sea of Love.. I’ve always appreciated Robert Plant’s singing, whether he was with Led Zeppelin, the Honeydrippers, going solo, or even his duets with Alison Krauss… It was a day of spinning wheels on the wet pavement, yesterday, in the currencies, little movement up or down in the euro, and the other major currencies. The Asian currencies are still under siege, as traders feel that they will be hurt badly by the Trade War. On the outside of the Trade War, the Emerging Markets are still getting whacked for their lack of liquidity, and the rising costs of their dollar denominated debt, becau..

Read More