A Major Geographical Event - New Mountain Ranges In China

More evidence of the coming bust in China. On a secondary note, there is finally concern that China's purchases of US assets are waning. This is hardly a shock. Some are now remarking that China is instead buying other assets in lieu of US government debt. On the macro level this thesis shows a clear misunderstanding of the simple fact that the global equilibrium is permanently broken.

Even though you would never know it by what is reported in the U.S. press, Chinese officials don't wake up every morning and decide to buy U.S. assets simply because they find paltry yields and fiscally irresponsible spend-happy dunces in Washington quite compelling. Why does everything have to be so complicated? The purchases are falling because China's economy is imploding.