Interesting Comments From Liu Mingkang

Here is a link to a November 16 Wall Street Journal article titled "China's Blunt Talk for Obama":

http://online.wsj.com/article/SB125826103009548975.html

I found this to be particularly interesting:

"Liu Mingkang, chairman of the China Banking Regulatory Commission, said that a weak U.S. dollar and low U.S. interest rates had led to "massive speculation" that was inflating asset bubbles around the world. It has created "unavoidable risks for the recovery of the global economy, especially emerging economies," Mr. Liu said. The situation is "seriously impacting global asset prices and encouraging speculation in stock and property markets."



SPX at 1109.80 as this post is written