President Bush - Visits US Treasury Yesterday

What did he do and who did he talk to there?

President Bush speaking at a press conference today sated that he is proud of 3.4% GDP growth and is happy with the liquidity in the markets. When questioned about the precarious situation of US Home Owners, President Bush said that he supports FHA assisting people with refinancing.

However - it is the speculation in the markets that is not being addressed.

ECB - Providing Liquidity Due to Hedge Fund Exposure

European markets are under pressure as the ECB is lending 95 Billion Euros to "assure orderly conditions" in the currency markets.  Apparently several funds in Europe had exposure large enough to cause Trichet and company some concern.

BOC - Canada Re-Assuring Financial Markets and Public

Why did the Neighbor to the North of the US have to make a public statement?

Talking Heads are Tail Spinning for a Hard Landing

It’s always amusing to see the pundits postulate as they parade the opinions to point fingers - scratch heads - lay blame. I personally like the one where they blame the computers!

As the volatility on the markets continues to increase. It appears as if the alarms are ringing in the financial markets! The governments around the world are putting emergency equipment on the tarmac for the possibility of a hard landing. Is the plane out of fuel and in need of touching down?

The Currency Markets have Reacted Violently

with an overall US Dollar positive bias. 

The Euro hit lows of 1.3653 dropping from 1.3818

The British Sterling hit bottom at 2.0208 from a high pf 2.0397

The AUD-USD dropped off a cliff from 0.8665 and grabbed a tree limb at 0.8483

The US Dollar spiked against the Canadian Loonie to 1.0645 from a low of 1.0468

Fed to Lower Rates? Bond Rates Say Yes - and Soon!

During my live Webcast coverage of the FOMC announcement on Tuesday, Explained my reasons why Ben Bernanke and team might now cut rates - in fact I stated it back in this blog on August 3 - Just after I called the Inverse Head and Shoulders on the Aussie - US Dollar.

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As Sr. Analyst, and Trader Jerry Furst - Founder of Investors Education Network (IEN),  is also a mentor and trading coach to select clients.