Bubbles, bubbles everywhere . . .

Chinese authorities continue to warn of “excesses” and “bubbles” yet do nothing to thwart them. Similar to how our leadership states it is in favor of a “strong dollar” yet continues to watch it get shredded with nary a care. I guess it won’t matter until it does:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aPOHjduHTfFg

– Jack

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