This is a bad day in Europe. German bonds failed to sell. They are still arguing over what to do. There is a lot of in-fighting and general mayhem. Stocks are down everywhere. We are caught up in this.

China, however, is thinking of starting an economic stimulus instead of slowing inflation. They have a tight control over their economy and are able to manage it very carefully.

"After Sino-U.S. trade talks Monday in Chengdu, where Mr. Wang issued his warning, U.S. Commerce Secretary John Bryson said Chinese officials had confirmed plans to spend $1.7-trillion on strategic sectors in the next five years. That number is thought to already be contained in the 12th Five-Year Plan, for developing alternative energy, biotechnology and advanced equipment manufacturing to help China diversify its export-driven economy" Globe

I feel like we're navigating a very large container ship through a tight channel full of icebergs . . . at night.