Why cut rates if China is growing at 7%..

Hi Readers

You need to ask yourself sometimes why is it that rated are being cut.
China cut rates again as you all know again and yet people aren't borrowing.
Truth is that the economy in China has almost stalled.
3% and if we are lucky.. That's the truth!
The bull shit is 6.5%-7.5% or maybe higher depending if they had a few drinks the night before releasing numbers.
Fact is and any economist worth his salt, any economy growing more than 4% you don't cut rates.
As you will overheat the economy.
The stupidity that China is doing will bite them in the ass later on but we already know that.
As I have stated previously in the posts that China will collapse the world economy.
At the time no one believed it which was ok, but now we are starting to see the signs of it.
Next will be restriction of funds investing overseas.
That's when there will be no musical chairs once the decision is take.
That will be the collapse of the property market.
Yes in the space of a week.
( many of you will not remember this but in Australia back in the late 80's the government move rates 3% in 9 working days to protected the dollar from collapse and in the mean time collapsed the housing market.)
Not halfs or quarters, full percentage points.
When economic decisions are made the ramifications aren't realised until it's too late.
Yes it's the high end that will seriously feel the pain, as Chinese buyers always purchase high quality properties.
If the Chinese can't obtain loans or security from assets in China then what chance have they got of purchasing the million dollar properties. ( that's why please be careful)

Tuesday market will drift down some what

Wednesday will be up

Thursday up, down then up again.

Friday down and then pushing up near the close

All above is for the U.S. market..

7:30am singapore time Tuesday

History is a wonderful guide of what people who panic will do over and over again.