Found a couple of things I wanted to pass along. (Both from Bloomberg)br /br /br /1) a href="http://www.bloomberg.com/apps/news?pid=20603037amp;sid=a.pZggcuVEp8"Chinese Stocks to Recover From Plunge, Fisher Says/a.br /br /blockquoteChinese a href="http://www.bloomberg.com/apps/quote?ticker=SHCOMP%3AIND" onmouseover="return escape( popwQuoteShort( this, 'SHCOMP:IND' ))"stocks/a will recover from their steepest drop since November and end the year higher as speculation that the government will limit bank loans is unfounded, billionaire investor a href="http://search.bloomberg.com/search?q=Kenneth+Fisheramp;site=wnewsamp;client=wnewsamp;proxystylesheet=wnewsamp;output=xml_no_dtdamp;ie=UTF-8amp;oe=UTF-8amp;filter=pamp;getfields=wnnisamp;sort=date:D:S:d1" onmouseover="return escape( popwSearchNews( this ))"Kenneth Fisher/a said. pThe nation’s economy is “gangbusters compared to the rest of the world, why would they try to kick that?” said Fisher, who has about $900 million invested in Chinese shares among the $28 billion he manages as chief executive officer of Fisher Investments Inc. in Woodside, California. “They have zero incentive” to curb lending, he said. /p/blockquotepbr //ppZero incentive? How about the incentive to avert a massive ...

Obama defends his policies…Commodity currencies should outperform…Global Power Shift Index…And Now… Today’s Pfennig!

Good day… And happy Thursday to everyone! Hope everyone made it through the ‘hump day’ with no worries. We started the morning here with rainshowers, but it ended up being a beautiful afternoon and evening. Currency markets were similar to the weather here, as most currencies started Wednesday in the loss column vs. the US$, but rallied as the day progressed. The dollar had strengthened over the past couple of days due to ’safe haven’ demand; but a surprisingly strong durable goods number (ex autos) combined with an ‘all clear’ signal from President Barack Obama had investors moving back into riskier assets. The commodity based currencies also got a boost as China signaled it would maintain an accommodative policy, easing speculation that the Bank of China would try to rein in bank lending. Lots to cover today, so

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