Gartman is saying that he has anecdotal evidence that there is a credit squeeze happening in China right now.
If so that would totally undermine the China story.
He says we " are a long way from the end"
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=F5D40C57-17A4-1130-F59CB8AB4820C2A6
more pain to come, page-20
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