Sick of watching American politics?!?! Well things can be worse. In China it's a transition year. Note that's very different from an election year. Happens once a decade and it's truly a lame duck year. While US politicians are busy at working trying to win your favor and get re-elected, Chinese politicians are in wait and hold. Partially explains why the Chinese Government has been so quiet as of late. Meanwhile just last night Fed Chairman Bernanke commits to further helping the economy if necessary.
Yes indeed the strong silent type can make for fun early dates. However the prolonged silent treatment also runs the risk of exasperation. That's kind of what we're seeing in markets. China's making it too hard. That explains why US markets are +30% over the last 18 months while China hasn't done anything! Plus, you get the extra holiday on election day. How I miss election years...
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