Many have said that the Chinese bubble is deflating. Several headfakes in the CSI, at one point a 20% decline into recession territory, seemed to have given China bears the ammunition they thought they needed. Yet these have all been pretty much just that - transitory headfake movements whose downward pattern has not sustained. And the broken pattern will continue so long as Ben and his covert-ops Chinese counterparts (good luck trying to pass HR 1207 in China) continue flooding markets with increasingly worthless pieces of paper (keep in mind, currency devaluations are relative phenomena).
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