2,000 Tuesday – Will There be a Fall?

MORE FREE MONEY!!!

Terrible numbers from China's Manufacturing Industry led to rumors of more stimulus from Beijing for Q4 and that propelled Asian markets higher this morning.  The HSBC PMI report fell to 50.2 (barely expanding) for August and China's "official" PMI fell from 51.7 to 51.1.  

The manufacturing slowdown adds to signs that China's "economy still faces considerable downside risks to growth in the second half of the year, which warrant further policy easing to ensure a steady growth recovery," said HSBC economist Hongbin Qu.

That's all Europe had to hear to put on their own rally caps as they've already got Draghi fever over there, in anticipation of Thursday's ECB rate decision, where a cut is widely expected to stop the Euro Zone from plunging into free-fall with Italy and others practically in a Depression at this point.  That's pushing EU markets up half a point in early trading and boosting US Futures (which we're shorting).  

Back to China though.  As you can see above, we have a cool chart of collapsing housing prices leading one analyst to say: "The way prices have fallen, it's as if there is a global financial crisis."  Ha Ha Ha – silly analyst!  That's the way things would look if we were in the REAL World but this is not the real world, this is the Central Bankster's Paradise!  

"The rental can't even cover the mortgage for these high-end investments – they want to offload but there are no takers."

OK folks, move along – nothing to see here.  What crisis?  Please don't say crisis – thank you……