Mens soccer Pivotal match looming for Buckeyes against No 25 Michigan State

“Obviously, overall our season isn’t going the way we wanted it to,” OSU coach John Bluem said. “The conference gives you that chance to forget about the nonconference matches. It gives you that chance to still make a statement.” A big reason for Sparty’s success has been the play of redshirt sophomore goalkeeper Jimmy Hague. Hague, who has started all eight games, has made 30 saves this season; good enough for a .833 save percentage and 0.76 goals against average. “This is our top priority right now,” senior forward Danny Jensen said. “After that we just have to get some wins on the road and get back to .500. Then we have to try to make a little run to get to where we want to be.” Now at the halfway point in the season, the Buckeyes stand at 3-7. They have yet to win a road game, with four of the team’s losses coming outside of Columbus. Not all is lost, however, as OSU began Big Ten play with a 2-1 record. The Buckeyes will have a chance to improve that record this Sunday, as they take on No. 25 Michigan State at Jesse Owens Memorial Stadium at 2 p.m. Jensen, who was named Big Ten Offensive Player of the Week after his hat trick against Valparaiso, scored his team-leading fourth goal for the Buckeyes in the 3-2 loss to SIUE on Wednesday. Jensen leads the team with 11 points. The Big Ten remains wide open at this stage of the season. There is a four-way tie for second place at 2-1, which Ohio State shares with Michigan State, Wisconsin, and Penn State. “We will be ready, and we will come out and play as hard as we can,” Bluem said. “Certainly with the away game looming at No. 13 Maryland next week, it is a must win on Sunday for us.” With matchups against Michigan State and Maryland on the horizon, the Buckeyes are in a stretch where they will face some of their toughest competition yet. They must be up to the task if they wish to keep their season alive. On offense, Michigan State is lead by sophomore forward Ryan Sierakowski. Sierakowski has tallied seven points for the Spartans on three goals, which were all game-winners, and one assist. Sierakowski has taken 23 shots on the season, nine more than the next most on the team.For the Buckeyes, winning the Big Ten is the first thing on their mind. They know the upcoming stretch can make or break those aspirations. “You only play eight conference matches and on Sunday that’s our fourth,” Bluem said. “If we can win that game and move to 3-1 that might give us a little separation from teams behind us and it will put us into that top group.” For the Buckeyes, who finished first in the Big Ten a season ago with a conference record of 5-2-1, dreams of a repeat remain very much alive. OSU has lost its last two games, an away match at Bowling Green and a home contest against Southern Illinois University Edwardsville. The Spartans will provide quite the challenge. At 6-2 overall this season, Michigan State has limited opponents to only six goals through eight games. Their only in-conference loss came on the road last Friday to Maryland, who currently leads the Big Ten at 3-0-1. OSU senior midfielder Ben Fitzpatrick looks to gather possession of the ball in the second half against Rutgers on Sept. 18, 2016. Credit: Gene Ross | Lantern reporterThe Ohio State men’s soccer team has not yet performed to its potential this year. “Looking forward I think we have to focus on the Big Ten especially,” senior defender Austin Bergstrom said. “We are still in the race for the conference title. Having two wins and one loss right now is good. Hopefully we can build on that.” read more

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Dotting the i Jamarco Jones living nextmanup mentality

OSU junior offensive lineman Jamarco Jones (74) blocks Rutgers redshirt junior Darnell Davis (59) during the Buckeyes game against the Scarlet Knights on Oct. 1. Credit: Alexa Mavrogianis | Photo EditorLast Saturday against Indiana, the Ohio State Buckeyes did something they almost never do. Just before the half, OSU allowed the Hoosiers to cut the lead to seven with 1:03 left in the half. A seven play, 65-yard drive that took just 2:29 to march into the teeth of the south end zone.OSU was about to head into halftime ahead by just one score against a team many thought should have been blown out. After a 91-yard kickoff return by redshirt sophomore wide receiver Parris Campbell gave the Scarlet and Gray optimal field position, junior offensive tackle Jamarco Jones didn’t squander the opportunity to regain momentum before halftime. Redshirt junior quarterback J.T. Barrett took the snap and ran to left where Jones stood up Indiana linebacker, and leading tackler Tegray Scales, paving the way for Barrett’s five-yard touchdown run.Jones was one of only two players on the offense to be graded as a champion of the Indiana game. The other was redshirt senior captain center Pat Elflein.“When opportunity meets preparation, you get graded as champion every week,” Elflein said on Monday. “We rely on him for leadership, even though he’s a first-year starter, and he’s playing very well right now.”OSU coach Urban Meyer named Jones a starter back in the spring after three members of the 2015 offensive line had left, two of which were key members of the 2014 national championship team. The program notably believes in the “next man up” mentality, but it’s one thing to embrace it and another to perform.Jones stepped into the role of left tackle following the departure of Detroit Lions’ first-round pick Taylor Decker, who was a three-year starter with the Buckeyes. Not only did he have big shoes to fill, he also had to protect the weak side of the team’s most valuable asset, Barrett.To date, OSU has allowed just three sacks all season and Jones is one of the first people you can look to for a reason as to why teams struggle to get into the OSU backfield. Junior defensive end Jalyn Holmes said he faces Jones everyday in practice and believes the 6-foot-5, 310-pound left tackle can be in the same conversation as some of the recent great offensive linemen who came through Columbus.“He’s like up there with them. I feel like he’s always been good,” Holmes said. “He’s just very patient with his technique. He’s fundamentally sound and has gotten a lot stronger at the point of attack. He gets me better everyday.”Jones and Holmes came into OSU in the same class and took fairly similar routes to seeing the field. Both played as freshman in 2014 when OSU romped Wisconsin in the Big Ten Championship Game, 59-0. On Saturday, the second-ranked Buckeyes travel to Camp Randall Stadium for the first time since 2012 to take on the No. 8 Badgers, where the game will likely be much different that the Big Ten title.Wisconsin poses one of the premier defenses in the country, especially against the run. OSU has two standout ball carriers in junior H-back Curtis Samuel and redshirt freshman running back Mike Weber. The duo ranks among the best in the conference and heavily contributes to the team’s 323.6 rushing yards per game, which ranks third in the NCAA. Wisconsin, who surrenders just 90.4 yards per game on the ground, will be Jones’ and the offensive line’s biggest test of the season.“It’s fun blocking for guys like that. It makes you go hard every play because you don’t want to be that guy that let their man beat them and be the reason why we didn’t score a touchdown on that play,” Jones said. “We got our work cut out for us.”Jones is one of the few Buckeyes who understands the game atmosphere the team will experience on Saturday in Madison, Wisconsin. As a recruit, he visited the school during a big-time matchup. Jones said he remembers how loud the stadium was and how the Badgers’ fed off of the crowd’s intensity.“It should be a very fun environment to go in and play. Those guys are going to be ready,” he said.The No. 8 Badgers pose a gargantuan challenge to the Buckeyes, who look to move to 6-0 and remain undefeated. Elflein said even for Jones’ first Big Ten road game as a starter, he has been well prepared before this season.“Jamarco’s been ready to play. He was ready to play last year,” Elflein said. “His time is now.” read more

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In This Issue   Its all about FOMC Tapering

first_imgIn This Issue. *  It’s all about FOMC & Tapering today. *  Other data takes a back seat. *  Norges Bank to change bias? *  Revisiting 1989. And, Now, Today’s Pfennig For Your Thoughts! Put The Board Games Away, Time To Decide. Good day.  And a Wonderful Wednesday to you! Today is THE DAY! The day we’ve all been waiting for! Well, maybe somebody has been waiting for this day. Me? I’ve been waiting for the day when they tell me I’m cancer free! Now that will be a day worth waiting for! But, since that day isn’t here, we have to settle for looking forward to what the Fed Heads say after their 2-day FOMC meeting ends this afternoon. Yes, the Fed Heads will finally put all the board games away, and come out of the room to make an announcement on Tapering. Please, I beg you Fed Heads to do that, for I cannot stand to wait any longer for a Tapering announcement! OK. I’ll take my tongue out of my cheek now! But seriously, you would think that this Tapering announcement is like discovering the fountain of youth!  So. are you ready? To sit by his throne? Are you ready not to be alone? Someone’s coming to take you home, and if you’re ready, then he’ll carry you home. OK. Sorry, but I was typing are you ready? And that Pacific Gas song wouldn’t leave me alone!  The currencies appear to be trading in the same clothes as yesterday, except for Gold which is down $10 this morning. Gold quickly turned yesterday morning’s $6 gain into a loss on the day during the NY trading hours. I’m just about ready to go yell at the walls so, please excuse me for a minute while I do that, I’ll be right back! ……… OK! I’m back. I don’t think yelling at the walls has the cure for my disgust that it once had! I’m still hopping mad, just thinking about how Gold has been taken down again. When I was in San Francisco last month, I told quite a few people that asked me that I thought the price manipulators had gotten what they wanted, that is, they got all the Johnny-come-lately Gold buyers to panic and sell, thus driving the price lower so the manipulators could buy at cheaper levels to cover their short positions. And that they would stay away for awhile now. But, I was too optimistic about them staying away. The move the over day during the overnight trading was so obvious that it was price manipulation, but yet, no regulator, investigator, investigating journalist, will talk about it. The whistleblowers at JP Morgan are coming clean about price manipulation, and still no major news outlet will report on the story. I know you think I’m crazy, and living in a fantasy. I guess I’ll have to be living in a fantasy, that’s the way it’s got to be, from now on. So. The currencies are remaining well bid ahead of the FOMC announcement this afternoon. I still find this pretty amazing, given the risk of an aggressive announcement this afternoon. I saw a story last night, while I was watching my Cardinals score at will for once in a blue moon, that talked about how the Fed has seen the housing sector rally hit a speed bump caused by the higher mortgage rates, and because of this, the Fed Heads will still announce tapering this afternoon, but only cut back their purchases of Treasuries, and leave the mortgage backed bond purchases alone. I don’t think that will come into the Fed Head’s minds. I just don’t see them doing that, but instead making an emphatic statement that Tapering is NOT changing Monetary Policy (interest rates). Big Ben Bernanke has worked diligently toward helping the markets understand this, but as I told you yesterday, the markets just aren’t buying it. And while we could see Treasury yields drop a bit more if the FOMC announcement is as I said it would be yesterday, at first. But, eventually, the yields should get back on the riser. There are other things going on this week. But for the most part, it’s all about the FOMC and Tapering.  One of the big things going on in Norway tomorrow that’s flying under the radar screens is the Norges Bank meeting, where observers that thinking that Norges Bank Gov. Olsen, will remove his wording about how the bank was prepared to ease. In fact, observers think that Olsen might even hint at a rate hike in 2014, as inflation in Norway has surged 2.5%, the Norges Bank’s target.  Remember, Norway has been battling through a housing bubble, which kept Olsen from cutting rates. But economic growth is picking up, inflation is rising, and the krone’s strength is no longer a problem for exporters. So, I too believe that a rate hike will be the next move in rates by the Norges Bank. That should be a firm underpin for the krone going forward. The U.S. will report their 2nd QTR Current Account Deficit tomorrow. I would say that with the Trade Deficit expanding by so much recently, the Current Account Deficit will remain a problem.  I talked about the Current Account Deficit yesterday, and even gave you a snippet from an April 2002 Review & Focus where I highlighted the problems going forward for the dollar with a high Current Account Deficit. It will be interesting to see if the markets even notice this report tomorrow, or if they will still be looking for tidbits and crumbs left on the floor from the FOMC meeting today. In June of 2002, I wrote in the Review & Focus, “Morgan Stanley’s chief economist, Stephen Roach recently said, “America’s Current Account Deficit is on an explosive path.”   And now back to 2013. What explosive path did the Current Account go down?  Well, Foreigners started to back away from the auctions, pushing the Fed to step in and purchase large percentages of the Auctions. Also, in June 2002, the euro traded around parity to the dollar. The Purchasing Power of Americans went to hell in a hand basket. I would say that certainly were the results of an explosive path. And one of the biggest beneficiaries of the decline in the U.S. financial power in the past decade have been the Chinese. Just think back to all the steps the Chinese have taken to bring their economy, currency and way of thinking out of the dark ages and to the front of the class! I’ve chronicled all of these steps / move by the Chinese, even when most people didn’t think they would amount to anything. I knew what the Chinese had on their minds, and not because I’m a mind reader, it was because they told us! They told us the dollar standard was near an end. The renminbi / yuan was allowed to appreciated near a record high overnight. And the renminbi / yuan forwards are rallying again, which is a forward look at what the markets think about a currency like the renminbi, or Indian rupee, or Brazilian real. All of these are called non-deliverable forwards, and have different trading characteristics of deliverable forwards. Reuters has a story this morning about how European Union (EU) and China are preparing for trade-pact talks. This has me thinking of what other trade-pacts have led to between other countries and China. They have led to FX Swap agreements, where the two countries agree to remove dollars from the terms of trade, and to only use each countries respective currency.  Should China work out an agreement like this with the EU. I would say that the dollar’s reign as the Reserve Currency of the World will have taken a huge hit. So. Back to the FOMC today. We have an Economic roundtable group at EverBank that I participate in, and the other day I told the other participants that I thought the Fed was going to replace Quantitative Easing / QE with forward guidance. And keeping that in mind, I think this afternoon, we’ll see a good example of that. I just think that this is going to be a train wreck for the Fed, given their history of being overly optimistic about the future of the economy. They will, in my opinion which could be wrong, continually have to come back to the markets and explain how they were wrong, and change their guidance. The U.S. data cupboard will still yield some economic reports today, even with the FOMC taking everyone’s attention away.  We’ll see the color of some Housing data today, Starts and Building Permits. But nothing to really sway the markets ahead of the FOMC announcement this afternoon. Before I head to the Big Finish, I thought I would l give you some humor to start your day. From Conan. “A new study found that toddlers who talk early tend to develop a drinking problem later on in life. Another warning sign is if the kid asks for his milk on the rocks.” – Conan For What It’s Worth. This is from the Washington Post, and written by Neil Irwin. And is depressing, yes. but shoots holes in the claims by Gov’t officials of how much better off we are today. “The Census Bureau is out with the annual report on incomes and poverty. And while you might think that after years of stagnant incomes and elevated poverty rates, we would be inured to the depressing facts contained therein, it still somehow has the power to shock. For my money, the most depressing fact about the economy is not the fact that household incomes were basically flat in 2012 (the real median household income was down to $51,017 from $51,100 in 2011, a statistically insignificant change). It wasn’t even the fact that 15 percent of the U.S. population was living in poverty, according to the official, flawed definition of the term. The most depressing result shows that in 1989, the median American household made $51,681 in current dollars (the 2012 number, again, was $51,017). That means that 24 years ago, a middle class American family was making more than the a middle class family was making one year ago. This isn’t a lost decade for economic gains for Americans. It’s a lost generation.” Chuck again. 1989. Tiananmen Square. Berlin Wall opens. U.S. troops invade Panama to capture Noriega. San Francisco earthquake during World Series. our national debt $2.8 Billion. Chicago had the #1 Billboard hit of the year. Milli Vanilli was hot. Driving Miss Daisy was the top movie of the year (how it beat Field of Dreams is beyond me!) . And we moved into our brand new house! (not so brand new anymore!) To recap. It’s all about the FOMC and Tapering today, folks.. are you ready? The currencies remain well bid and are trading in yesterday’s clothes this morning ahead of the Tapering announcement. Gold is off another $10 this morning, as the price manipulators continue to whack away at the shiny metal without any fear of being caught. China pushes the renminbi toward a record level, and we revisit 1989. Currencies today 9/18/13. American Style: A$ .9350, kiwi .8215, C$ .9705, euro 1.3355, sterling 1.5965, Swiss $1.0790, . European Style: rand 9.8360, krone 5.9115, SEK 6.4640, forint 223.35, zloty 3.1699, koruna 19.3295, RUB 32.28, yen 99.05, sing 1.2590, HKD 7.7540, INR 63.37, China 6.1557, pesos 12.94, BRL 2.255, Dollar Index 81.13, Oil $106.10, 10-year 2.84%, Silver $21.49, Platinum $1,418.40, Palladium $699.29, and Gold. $1,300.11 That’s it for today. Today is the 66th anniversary of the Air Force.. it was in 1947 they became a separate military service. Another Swim meet last night, this takes me back to when Andrew swam in High School. Back then it was a winter sport, and Water Polo was a fall sport, I have no idea why they got all switched around.  Cardinals sneak 1 game ahead. need to stretch it out! The Blues started hockey training camp last week, it won’t be long before hockey season begins. Then before too long we’ll have all 4 major sports going on. Crazy long seasons, eh? Baseball heads to its final two weeks of the season, before the playoffs start.. I don’t know, but why does it seem like I just came back from spring training?  Where did the summer go?  I saw Halloween stuff in the stores last week, so we’ve got that going for us! I thank you for reading the Pfennig and hope you have a Wonderful Wednesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

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In This Issue   Aussie CPI slips sends As t

first_imgIn This Issue. *  Aussie CPI slips, sends A$’s to woodshed. *  Chinese PMI ticks up, remains under 50. *  Eurozone flash PMI’s tick higher. *  A 12-month report card. And Now. Today’s A Pfennig For Your Thoughts. Feeling Stronger Every Day. Good Day! . And a Wonderful Wednesday to you! Well, today is starting out good for me. Yesterday, I had to pack up and leave in a moment’s notice as it was if I ran smack dab into a wall. An afternoon of sleep, got me back on track, and here I am!  I woke up just in time to head out to Alex’s water polo game, that was being played in the “we’re better than you are” West County area of St. Louis. I love it when poor old public schools beat the private schools in sports.. OK. I guess I have issues, eh? HA! Speaking of having issues. Traders are showing that they have issues with the latest Aussie inflation report, and have marked down the Aussie dollar ($) as their outlet! Australia’s 1st QTR CPI printed at +2.9%, which was softer than the 3.2% that was expected.  On a month-on-month basis, inflation rose .8%…  It was a double whammy for the A$ last night, as the soft CPI got the A$ headed downward, and then the Chinese printed a “still below 50” manufacturing report for April, that really deep sixed the A$. The Chinese PMI (manufacturing Index) as measured by HSBC ticked higher in April, but remained below the line in the sand that sits at 50. And this news caused the A$ to really lose ground on the night. But why? The way I see it, this HSBC manufacturing report is just proof in the pudding for me, that the Chinese economy troughed in the first quarter. I don’t understand why the markets don’t see things the way I do, for if they did, this would be a much happier place to live! HA! The Chinese report also sent the price of Oil down by $3! The way the markets see this is simple. They see this still in contraction, Chinese manufacturing report as a sign that global growth is in trouble, and with global growth in trouble, assets that are associated with global growth get sent to the woodshed.  Again, that’s not how I see how this should be playing out. Someone with some intestinal fortitude should stand up and say, “Hey! The Chinese manufacturing index ticked up, and that’s a good thing!” The euro, however, is stronger this morning. Here, the “flash PMI’s” for the Eurozone in April were stronger, proving once again that what the band Chicago sang about 40 years ago, is in play here. Feeling stronger every day. OK, “flash PMI’s” is a sexy way of saying the initial look at the manufacturing index. And here, some things were as expected, with Germany stronger, and France weaker, but overall, the Eurozone showed an increase to 54 in the index number, from 53 last month. As I’ve been saying for a couple of years now. the broad based recovery of the Eurozone is in place, and as long as the relative calm remains cast over the Union, the recovery should continue. Well. the peaceful solution, that I thought was near, last week in Ukraine, has dissipated and for once in what seems to be a long time, Gold has caught a bid on the news. But the bid isn’t exactly a Herculean effort! With the shiny metal gaining $2 this morning, we all know that the $2 gain could be wiped away in a NY Minute!  But it’s there nonetheless this morning, and I’m happy for all small wins! For those of you who live under rocks or have otherwise not paid attention to the news from Ukraine, I’ll say that I think that we should all remember that on April 17th, Russia, Ukraine, the European Union, and the U.S. all signed an agreement in Geneva that called for a de-escalation of the conflict, and that all unlawful militants be disarmed, all unlawfully seized buildings be vacated, and all will be exonerated from prosecution unless they did a serious crime.  Obviously, this Geneva accord is being ignored. So, what good was it to get together, see some sawdust fall to the floor, and sign an agreement? I saw a report on the tariff standoff between the U.S. and Asia, and my mind immediately shifted to 2002, when then President Bush, signed tariffs on Japanese steel.  Need I remind you that this was the straw that stirred the weak dollar trend, drink?  So, what now? Apparently a trade deal between the U.S. and Asia is being held hostage by the inability of negotiators of an agreement on tariffs on beef, pork and dairy products.  Well, the U.S. President is in Asia right now, maybe he can drop in on the negotiations and get this all ironed out? Well, everyone might be back in the places with bright smiling faces, but the clear direction of currencies is still up in the air.  The U.S. dollar Index is down 1.1% in the past year, the euro is up 6.5% in the past year, but the Aussie dollar (A$) is down 9.5%, and so on. The results are a mixed bag-o-nuts. But for those of you keeping score at home. of the major currencies: Pounds, francs, euros, Danish krone, New Zealand dollar, Swedish krona and Chinese renminbi have posted gains VS the dollar, while the: Canadian dollar, Aussie dollar, Brazilian real, Indian rupee, and S. African rand are in the red. That’s all for the last 12 months of trading activity. So, see what I mean about a mixed bag-o-nuts?  And what I’m talking about with no clear direction?  When there’s a clear direction, the dollar index drops like a rock, and the majors, for the most part, take a place at the taking liberties with the dollar table. But not so, for the past 12 months. So, it becomes a real test of one’s abilities to find the currencies that fundamentally make sense. In 2002 through 2004, you could throw a dart at the list of major currencies and find one that was gaining VS the dollar.. Same for 2006-2007, 2009-2011.  The key to all of it though, was seeing the writing on the wall that the dollar would head into a multi-year weak trend. And there are only a few of us on the planet that can claim that! When I was going through this exercise of tracking currencies for the past 12 months, (thank you Bloomberg for making that easy!) I noticed that the Polish zloty, and euro-wannabe, was in the top currency performers for the past 12 months. We’ve been in and out of the zloty during the past year over in the managed currency portfolio, of which I’m on the investment committee for. I like what’s going on in Poland, economy and fiscally wise, and with the relative calm cast over the Eurozone for over a year now, I think that it might behoove Poland to be considering a move to the euro again. OK. Not that I would ever be considered to be even on your list of people that know a lot about stocks, but what I would like to be considered as is simply someone that sees things and tries to make sense of them, like no one else.  Take for instance, the earning reports that have been coming in. Dow, and P&G both announced that they beat the estimates for the 1st QTR. But wait? Wasn’t the 1st QTR racked with bad weather? How could people get out and buy these goods?  Weren’t Retail Sales in the dumps in the 1st QTR? And every other data print for the 1st QTR complained of bad weather. So.. here’s my question for the day. What happed to the bad weather excuse? And to play along with what I was just talking about, I found this on zerohedge.com: “What a better way to celebrate the rigged markets that are telegraphing a “durable” recovery, than with a Credit Suisse report showing, beyond a reasonable doubt, that when it comes to traditional bricks and mortar retailers, who have now closed more stores, or over 2,400 units, so far in 2014 and well double the total amount of storefront closures in 2013, this year has been the worst year for conventional discretionary spending since the start of the great financial crisis?” Brother! I sure know how to rain on a parade! Just when the glee club was about to sing about Happy Days being here again, here comes Chuck, to rain on the parade.  But when you read that distressed retailers and bankruptcies have reached a 3-year peak, so far this year, you begin to get the willies, and then your mind starts racing and thinking about what this all means. Well, at least that’s how it is for me! And then to throw more cold water on the sunshine and lollipops crowd, The U.S. Data Cupboard had a little ditty for us yesterday that the media tried to sweep under the rug. U.S. Existing Home Sales fell to their lowest level in more than 1 ½-years during March. And get this. Here’s what they are saying about Existing Home Sales. “Unseasonably cold weather dampened an anticipated resurgence of housing market activity in March” .  OK. So, when it makes sense for them to pull the “bad weather” card out and play it, they do. But when it doesn’t makes sense, you put the card away. Reminds me of these lyrics. Your black cards can make you money. So you hide them when you’re able. In the land of milk and honey. You must put them on the table. For What It’s Worth. I had a couple of readers send me this story that appeared in the NY Times. But the first one came from my old friend, and one time mentor, Ed Bonawitz.  Ed is an incredibly intelligent man, and often argues the other side of the argument with me, just to play Devil’s advocate. So, let’s see what Ed thinks is important. “The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax middle-class incomes in Canada – substantially behind in 2000 – now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans. The numbers, based on surveys conducted over the past 35 years, offer some of the most detailed publicly available comparisons for different income groups in different countries over time. They suggest that most American families are paying a steep price for high and rising income inequality.” Chuck again. Yes. as Ed put it in his note to me: “American worker productivity has never been more robust, yet personal income declines.”   This is the type of stuff a candidate should take and tackle, then take to the people. Come on, someone, be a Ronald Reagan here! To recap. We have a mixed bag-o-nuts in the currencies this morning, and that has been the case for the past 12 months, as Chuck show us the report card. No clear direction leads us to be complacent, but instead we need to diligent and active! Aussie CPI edged lower in the 1st QTR and got the A$ thrown to the wolves, which Chinese manufacturing ticked up but remained in the contraction area below the index number 50. Traders just need to see things like Chuck does, then we would have a happier place! Currencies today 4/23/14. American Style: A$ .9290, kiwi .8590, C$ .9065, euro 1.3840, sterling 1.6805, Swiss $1.1345, . European Style: rand 10.5945, krone 5.9790, SEK 6.5640, forint 222.25, zloty 3.0280, koruna 19.8360, RUB 35.71, yen 102.25, sing 1.2565, HKD 7.7530, INR 61.08, China 6.1599, pesos 13.02, BRL 2.2370, Dollar Index 79.74, Oil $101.27, 10-year 2.71%, Silver $19.50, Platinum $1,405.13, Palladium $786.75, and Gold. $1,287.29 That’s it for today. Have you seen the video of the TSA agents patting down two children, like ages 2 & 6? What have we, as a country become?  Oh, I’ll stop there, no worries, no meltdown or anything like that! So, the Cardinals have to worry this morning. Their ace pitcher, Adam Wainwright hyper-extended his knee last night, everyone is holding their breaths waiting to see how he feels after a night’s sleep. 9 games into their 11-game road trip, the Cardinals barely have their heads above water. Win the last two, and it becomes a good road trip! Blues and Blackhawks again tonight. What happened in the Saturday game should never happen in games, and the Blackhawk player should be suspended for a much longer time than 3 games for what he did.  And I was very pleased with Alex last night, as a kid on the other team threw a punch at him in the water.. The look Alex gave this kid probably scared the bejeebers out of him, for he didn’t mark Alex in the water again for the rest of the game. Maybe the score of 11-3 made things worse. Well, I hope to make the day here last longer today than I did yesterday! And with that I’ll get out of your hair for today, now go make this a Wonderful Wednesday! Chuck Butler President EverBank World Marketslast_img read more

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