Jim,

Money flows in the Yen suggest that the Dollar Carry Trade, which started in force in 2007, is going strong. A turn in the Yen in the coming weeks after the setup of commercial money flows will confirm it. If so, will once again show how F-TV spin is faded.

CIGA Eric

Manufacturing data, commodities lift US stocks
CIGA Eric

"The ISM number was very, very good, and we think it points to continuing strengthening and overall, bodes relatively well in the near-term for the market," said Karl Mills, president of Jurika, Mills and Keifer, an investment advisory firm in Oakland, California."

All hail the resumption of another devaluation (inflation) driven recovery.

ISM Prices Paid Index (PP) to National Purchasing Manager’s Index (PMI) Ratio:

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Contracts down: Is housing headed for double-dip?
CIGA Eric

The number of people preparing to buy a home fell sharply in November, an unsettling new sign that the housing market may be headed for a "double-dip" downturn over the winter.

The increasing chatter of a double-dip, recession or housing, is clearly referenced in nominal or U.S. dollar terms. In real or stable currency terms, there’s hardly enough bounce to produce the double-dip.

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