Fed confuses markets, risk assets get sold…  SNB intervenes to stop franc’s rise… ECB issues 12-month liquidity… Bernanke to get grilled? And Now… Today’s Pfennig!

Right now, there’s more than $9.5 trillion in cash on the sidelines – or more than twice the amount of money currently invested in stock mutual funds, according to MoneyNet.inc and the U.S. Federal Reserve. Private equity firms alone are believed to hold as much as an additional $1.3 trillion.

How many entrepreneurs have sat down and thought to themselves, “If only the Chinese would buy my product…Heck, if only one in 10 Chinese would buy my product, I’d be rich!”  Call it the China Dream. It has a long history.

Euro leads currencies higher…  Commodities rally back on FOMC thoughts…  FOMC meeting today…  NZ Consumer Confidence on the rise… And Now… Today’s Pfennig!

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!

States on the brink… hard numbers on another crisis yet to come… Chris Mayer on a recent energy crossroads, centuries in the making… The end of an impressive streak… popular commodity rises for 54 days in a row… Commodities and stocks sell off… Rob Parenteau on what’s gotten into Mr. Market… Plus, Dan Amoss on the credit crisis: Can the free market be blamed?

Oil rose above $68 a barrel on Tuesday, reversing earlier losses, supported by a weaker dollar and ahead of inventory data expected to show a fall in crude stocks.

Overnight markets ambush risk assets…  Germany’s IFO Business Confidence gains again…  A$’s get pounded by opposite thought story…  More supply to auction off for the U.S…. 

Stocks are stalling. So says today’s Financial Times… “Major equity markets came under pressure yesterday and initial gains for commodities eroded as investors cast doubt over the global economic outlook.”

Russia’s Fin Min talks up the dollar!  Currencies, commodities, stocks all lose ground…  Who’s car is uglier … Gold hit a 3-week low… And Now… Today’s Pfennig!