Regimes "RECOVERY SUMMER" continues!

[LWW]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(Reuters) - The number of homes taken over by banks topped 100,000 for the first time in September </div></div>

A new foreclosure record! (http://www.reuters.com/article/idUSTRE69D0SF20101014)

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[LWW]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">record-high imports from China helped push the U.S. trade deficit wider in August </div></div>

A new monthly high record of Chinese imports. (http://www.cnbc.com/id/39666662)

LWW

[LWW]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">while rising food and energy prices pushed inflation at the wholesale level up twice as fast as expected last month. </div></div>

Inflation rising twice as fast as predicted/ (http://www.cnbc.com/id/39666662)

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[LWW]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Initial claims for state unemployment benefits rose to a higher-than-expected 462,000 in the latest week, the Labor Department said Thursday.

Economists polled by Reuters had expected initial claims at 445,000 in the latest week. </div></div>

Rising unemployment. (Initial claims for state unemployment benefits rose to a higher-than-expected 462,000 in the latest week, the Labor Department said Thursday.

Economists polled by Reuters had expected initial claims at 445,000 in the latest week.)
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[LWW]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"This move has prompted further U.S. dollar selling, especially in Asian currencies, sending the Australian dollar near to parity, and the yen to new 15 year highs," said Michael Hewson, market analyst at CMC Markets.

By late afternoon London time, the euro was 0.7 percent higher at $1.4057 after having earlier risen as far as $1.4121, its highest level since late January. The euro has returned to favor recently given the seeming policy divergence between the Fed and the European Central Bank, which has balked at the idea of further monetary easing.

"As the ECB continues its exit from emergency monetary policies, we expect further upside pressure on the euro," said Jane Foley, senior foreign exchange strategist at Rabobank International.

Meanwhile, the British pound was 0.6 percent firmer at $1.5980, just shy of its earlier eight-month high of $1.6066, while the Australian dollar was close to breaking parity with the U.S. dollar for the first time in 28 years. It earlier traded as close as $0.9993.

The dollar was also down 0.4 percent against the Japanese yen, to 81.47 yen, following its earlier fall to a fresh 15-year low of 80.94 yen. </div></div>

The incredible shrinking dollar! (http://news.yahoo.com/s/ap/20101014/ap_on_bi_ge/world_markets_23)

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[pooltchr]

Thank God we have Obama in charge! Imagine where we would be without him!

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Steve

[LWW]

It seems even his staunchest supporters have abandoned him?

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