[TigerLikesRooster]

When Japanese economy crashed, it took a couple of years for people to realize that it had indeed done so. We will see the same response when China does. First they say it is not a hard landing but soft one. Then they say it may be serious but China will rebound in a short time. Next the spin is that it may not improve soon but could be managed for a while until the eventual turnaround happens. Then full-scale riots and political turmoil hits and spins will abruptly stop. Finally they will say they have known this all along despite their dismal track record to the contrary.

[April Lexington]

With China’s history of revolution, this might not end well...