For all the pearl-clutching and teeth-gnashing last week about how amazing yet-another-bailout from China would be, it hasn’t amounted to jack squat. There was feverish talk about how the Chinese Communist Dictatorship’s Ministry of Finance (sounds straight out of 1984, doesn’t it?) was going to hold a big press conference on Saturday and Monday morning. They did, declaring how “ultra-long-term bonds” (that’ll never be paid off, I’m quite sure) in the TRILLIANS of yuan were being issued. In response, the market hasn’t done dick.




