Baltimore — (TFN): Another drop in the dollar and another big day for the equities markets. And yes, gold is on the rise as well, precariously perched at the psychologically pertinent $1,200 an ounce mark.

Enough alliteration. Let’s talk business.

Baltimore — (TFN): It looks like we found out what President Obama was actually doing in China last week. When he wasn’t bowing to foreign leaders or taking tours of historic China, our leader was giving the Chinese some financial advice.

Isn’t that a scary thought?

Just a couple of days after Obama touched down in Washington, China makes a very American decree. It’s telling its banks it had better shore up their capital situations or face strong sanctions from the government.

It is a gray morning, here in London. We sit in the building with the golden balls, look out the window, and wonder…

…how does it all work?

If you’ve been following this column over the last month, you’ve likely made some money by shorting the Dow Jones Industrial Average.