All Eyes on Europe … While China Quietly Weakens

In recent weeks the crisis in Europe has continued to dominate world markets. But behind the scenes China, the world’s highly touted global growth savior, has been proving more and more fragile. China continues to try to rein in inflation, recently raising interest rates for the fifth time since last October, but they’ve been unable to get a grip on it. Worse, the aggressive monetary and credit tightening is damaging its economy. China’s all-important manufacturing sector has weakened sharply, recording its worst reading since February 2009 during the depths of the global financial crisis. Moreover, it’s looking increasingly like China is finally set to begin its own bubble burst. Especially when you consider this … Back in late . . . → Read More: All Eyes on Europe … While China Quietly Weakens