Pressure is on the Chinese, page-3

The trouble with the big money in the US is that it is often invested in intangible derivative instruments rather than tangible assets. The trouble with derivatives is that they put a value on something that at the end of the day does not really exist and is not tangible. When true market turmoil and fear arrives, derivatives (like credit default swaps) are worthless, cash and physical real world assets are king. The vast majority of Australian capitalization represents companies that produce physical real world materials, goods and services that even in a financial turmoil event represent something real that has value to someone. I know where I would rather invest.