The Shanghai market has not been too exicting lately...But, that's how it's always been! Steady. The central bank has started to cut rates, and that in itself is QE there. Properties are wealth, and once people start to be able to move into them, through friendly policies, China as always will hold up and press on with good growth.
China is a shinning gem of a command economy that has adopted a mixed market economic growth model.
Here in Europe, the inauguration of President Hollande shows what a man of the people he is, riding without an umbrella in his car to meet his people in the rain, before attending his first official engagement to visit Berlin and Mme Merkel. Francois Hollande knows the economic Recovery will continue with empowerment of the small people, of artists, family owned bakeries, auto dealerships, estate agents, farms, as well as not making any brutal cuts in the economy. He seems to carry the aura that he will get it right, and there will be growth and happiness in France. He has been elected with the agenda of putting 10 Billion Euros into the French economy in his first year, with taxes at 45 percent for people who earn over 150,000 Euros and 75 percent for the lucky 1,000,000 Euro earners to bring in the revenue. This seems a measure people will observe carefully, to see what success it brings. Over the longer term, Monsieur Hollande intends to save the economy 100 Billion Euros. His strategy might well work. The Fief of Tulle has brought a mood of optimism and hope to France, and to Europe.
Where there are houses and cars for sale, and people looking for jobs, and empty factories and offices, what can the governments do to help people? Could the banks help? Could the governments set some agendas, and implement some populist friendly policies? Of course they can, and should. In some time, the mild recession will be out of the window. Doesn't everyone hope so?