Face It: Everything Looks Hunky Dory

Big news for risk appetite this morning ...

China has reaffirmed common belief that it will continue to press on and realize a legitimate and sufficient recovery. They will retain their position as a global economic leader and in doing so will help out many smaller economies at the same time.

The news: China’s exports grew by 17.7% in December, and imports screamed higher by 55.9%. In each case the actual number trounced what analysts had been expecting.