China: everything is fine, move along

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by Chris Becker

There is a yin and yang to the markets, literally. With the doomsayers come the soothing-sayers – the “everything is fine” crowd. While doomsayers see a cloud or conspiracy behind every piece of news, the soothing-sayers like the Iraqi Information Minister can’t see the tanks in Baghdad when a bear market is upon them.

The headlines this morning are full of such calm:

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