I know but for a great majority of Australian's their super and highly leveraged properties are tied into this farce.
And for many who have or are about to retire their financial security and independence are also linked into the duplicitous actions of Central bankers in the major economies. When the party ends and it will there are going to be a lot of people crying poor and with Government debt all over the world at unprecedented levels and budgets in structural deficits there is no one left to bail is out.
However , back to China. Why would Government officials and PBOC members say everything is okay when their actions don't support it. The PBOC has lowered rates 6 times this year with the latest rate cut back in late October. And the Government is spending like it's 2008 to support their economy from falling over. Doesn't sound to me like everything is okay.
