Moodys Cuts China’s Outlook Rating…

by Chuck Butler
Daily Pfennig

Good Day… And a Tub Thumpin’ Thursday to you! I’m greeted this morning by Uriah Heep and their song: July Morning… This is the song that I highlight at the beginning of July each year, per Pfennig Tradition. My old friend, and the drummer in our band, Preston, and I had an 8-Track of the Uriah Heep Live, and on our long drives between St. Louis and Midwest City, Oklahoma (where the band lived) that song would get played over and over again, until we memorized every note, drum beat, lyric, etc. BTW, I hear that cassettes are making a comeback… If 8-Track Tapes ever make a comeback, I’ve got a box of them!

The currencies have a “rally flavor” to them this morning, for the most part that is.. The euro is still stuck in the mud, and hasn’t budged more than 15 ticks in the last 4 days…

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