UH-OH: CHINA'S MANUFACTURING SEGMENT IS CRASHING TOO!

WITH MANUFACTURING HEADED FOR THE DUMPS, THE CHINESE ARE IN THE PROCESS OF LEARNING 2 IMPORTANT LESSONS:

1. A CAPITALIST FREE-MARKET IS A NOT A PROFIT SYSTEM; IT'S A PROFIT AND LOSS SYSTEM.
2. AND SOCIALISM SUCKS.

EXCERPT:

The HSBC flash manufacturing purchasing managers' index (PMI), the earliest indicator of China's industrial activity, slumped in November to 48, a low not seen since March 2009.

MARCH 2009 WAS THE DEPTH OF THE CRASH ...