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.

We received a letter snooty letter recently accusing us of confirmation bias. Maybe we are only capable of seeing the bearish side of the story?

Bernie Madoff’s guilty plea to a decades-long $50 billion-plus Ponzi scheme pretty much guarantees the 70-year-old will have his likeness immortalized on the Mt. Rushmore of scammers.