Guest Post: Is China's Economy Staring Down The Bottomless Pit

[thatguy]

http://www.zerohedge.com/news/guest-post-chinas-economy-staring-down-bottomless-pit

All major macro data from China over the last 2 days have been disappointing.

Anyone find it strange that China has policies in place to slow growth as to avoid bubble popping goodness and the media screams "China's economy is slowing". I cannot understand it, it is planned and broadcast-ed and when it comes true everyone is surprised. Am I missing something here?

 

[jpanggy]

People have short term memories and politicians are fickle.

They were doing right with slowing down the economy a notch. But when the slowdown actually happened, the politicans break rank and started to oppose the slowdown.

After all, it is also their incomes (business interest) that are getting hammered by the slowdown.