Richard Russell: Stocks and gold have been climbing on the rumor that the Fed is about to embark on its newest adventure, known as quantitative easing number two or QE2 (it always sounds less harmful when it’s reduced to letters and numbers).

And cynic that I am, I’m thinking that everything (stocks, gold, bonds) will correct on the actual news. Fed Chairman Bennie Bernanke must be thinking, I’ve got a mandate to keep the dollar steady and to implement full employment. If I open the monetary spigots and keep short rates at zero, this blankety-blank economy has got to lift off. If it doesn’t, then what the hell, I did my best, and it’s not the end of the world or the end of the US. And if the dollar swoons, so what. The next administration can deal with that, and I’ll be back at Princeton teaching those smart-ass kids about the economy. And this time I’ll have “former Fed Chairman” on my teaching credentials. So get off my back, I’m doing the best I can, and I’m doing what boss Obama wants me to do.
Richard Russell has made his subscribers fortunes. One of the best values anywhere in the financial world at only a $300 subscription to get his DAILY report for a year. HERE to subscribe. Amongst his achievements Richard was in cash before the 2008/2009 Crash and he has been Bullish Gold since below $300

[Money Morning Editor’s Note: Frequent Money Morning contributor Dr. Kent Moors – the editor of the “Energy Advantage” advisory service – is an advisor to six of the world’s Top 10 oil companies and a consultant to some of the world’s largest oil-producing nations. He’s also one of the best-connected global-energy experts on the planet. So with tomorrow’s OPEC meeting looming, read what Dr. Moors has to say about the direction of oil prices. It’s not what OPEC – or Wall Street – would have us believe.]

Everything You Need to Know About Tomorrow’s OPEC Meeting   

Crude dropped for the second straight day yesterday (Tuesday) after Saudi Arabia made it clear that the Organization of the Petroleum Exporting Countries (OPEC) will leave its production targets unchanged at its meeting tomorrow (Thursday). Crude oil for November delivery fell 54 cents a barrel – or 0.7% – to finish at $81.67 a barrel on the New York Mercantile Exchange yesterday. Even with yesterday’s decline, oil prices are up 11% over the past 12 months.

Speaking in advance of tomorrow’s OPEC meeting in Vienna, Saudi Oil Minister Ali al-Naimi said that prices between $70 and $80 a barrel are “ideal,” and noted that the market is “very well-balanced” right now. In a related development, Sanford C. Bernstein & Co. LLC slashed its oil-price forecasts for both next year and 2012, and attributed the new viewpoint to big stockpiles.

But this only provides you with part of the picture. And it’ll lead you to the wrong conclusions.

So here’s the proverbial “rest of the story” – including everything you need to know about tomorrow’s OPEC meeting.

….read more HERE

By most reports, it would appear that the voluntary suspension of foreclosures is underway to review simple, careless procedural errors. Errors which the conscientious banks are hastening to correct. Even Gretchen Morgenson in the New York Times characterizes the problem as “flawed paperwork.”

1. Repetition is one of the key building blocks of excellence. Factory owners know that replicating a small profitable production line with a big one is the key to massive expansion. Easier said than done

Following the USD Index peak at 89 in early June 2010, the Dollar has been on a near relentlessly slide to the recent low of 76.90 which represents a 14% fall in just 4 months. The fall in the Dollar has again brought out the perma Dollar collapse proponents who have periodically come out to reiterate that the U.S. Dollar as measured by the USD index is destined to crash and burn which is set against the perma deflationists who continuously propose that DEFLATION will result in the Dollar rallying to new highs as a consequence of debt deleveraging, which again was most prevalent just as the U.S. Dollar peaked. Therefore this in-depth analysis will seek to conclude towards a probable trend forecast for the USD index into Mid 2011 (9 months forward).

Dollar Collapse…. Again ?

In the face of the relentless dollar collapse mantra due to hyperinflation or the Dollar Soaring due to debt deleveraging deflation mantra for the past 3 years, the actual dollar trend is illustrated by the below graph shows that in actual fact the USD is UNCHANGED from where it was some 3 years ago! Which illustrates that much of that which you will read in the mainstream press and BlogosFear has its basis in propaganda rather than analysis focused on the monetization of probable trends as both perma crash and boom crowds are most vocal just as the USD index turns in the opposite direction, which means that both perma crowds of propagandists would have LOST money had they actually acted on their respective mantra’s.