Liquidity stuff at the margins again…hmmm

It may be a stretch to say China is now going to drain massive amounts of liquidity, having to pay penance for the error of its massive stimulus spending and subsidization ways (which it rightly accuses the West of the same). We have seen a degree of economic force feeding everywhere that usually wreaks havoc with the pseudo-market pricing system and leads to unintended consequences--usually the bad kind after the sugar-high wears off. Nothing new here -- we have seen it before and will see it again.