Risk aversion returned to markets on Thursday, supporting the U.S. dollar and government bonds, after mixed economic data, while concern about the possible failure of a small U.S. lender sparked caution following the week’s robust gains in stocks.

Currencies bounce back…  Commodities and Commodity Currencies get hit hard!  China’s recovery a myth? Devaluation in the dollar’s future? And Now… Today’s Pfennig!

The fate of the global equity market rally now comes down to China. Will it continue to stockpile hard assets? Will the data points continue to soothe and impress? Much is at stake either way…  

Institutional investors have talked a lot about the so-called “yen carry trade” over the past couple of years. But that’s really just been a warm-up act for a much bigger story. I’m talking about the “yuan carry trade.”

Tired of reacting to rumors!  Aussie dollar continues to rally…  More on China…  Bank of England keeps rates unchanged… And Now… Today’s Pfennig!

MAOPING, People’s Republic of China – I’m often asked if there are investment risks in China.  My answer: Absolutely… there are investment risks everywhere. But it’s how you evaluate and manage those risks that will ultimately determine how well you do in this highly promising market.

The 31st bank is closed in 2009… China is showing signs of improvement…  The so-called “decoupling” taking place?
Jobs Jamboree ends the week… And Now… Today’s Pfennig!

Buenos Aires, Argentina Is the rally still on? We’re not sure. Wednesday, the Dow fell 83 points…after a weak bounce on Tuesday. We expected the rally to last until June and to take the Dow back to the 10,000 range. But anything could happen.

Geithner sends the dollar on a thrill ride…  A failed UK gilt auction…  China set to recover first…  AUD and NZD rally again… And Now… Today’s Pfennig!

If only China had someone like St. Patrick.  As I scanned the post-Paddy’s Day headlines, it occurred to me that China needs its own saint to drive some snakes out of its economy.