Thursday, January 07, 2016

"China markets face make-or-break day as policy dumbfounds."-Reuters

Ooh, Xi, that's gotta hurt.

SHANGHAI (Reuters) - Chinese markets face a day of high drama as share trading resumes with no automatic mechanism in place to restrict selling and the world watches to see if Beijing will allow its currency to fall yet further.

"And the world watches." The world's watching, Xi, don't look dumb...founded.

The New York Times headline:

A New Economic Era for China Goes Off the Rails

Xi, you are going off the rails, Xi.

At every turn, the president’s efforts to manage the economy, market and currency have been undercut by global headwinds and haphazard policy making, and initiatives this week have been particularly discordant.

Xi, "haphazard"+"discordant"="going off the mag-lev rails"="dumbfounded," Xi.

Bloomberg:

China Flip-Flops on Stock Crash Rule and Adds to Chaos

They call him Flipper, Flipper, dumber than bag o' rocks.

What's the dirtiest word in the Chinese language? "Chaos."

Reuters, NYT, Bloomberg. That's three strikes, Xi.
Xi Jinping: Can't spell LOL if you spot him the "O" and the "L."

Seriously, that is such consensus of opprobium that I wonder if Zhongnanhai might not step in and replace Xi. He never seemed the sharpest tack in the box and this truly appears to be disastrous incompetence.