We are seeing a good deal of cooling in China over the last couple of months. Just before, there was a general panic that their markets and real estate were going to bubble over and pop. So, the government did the prudent thing and took measures to slow.

Now we are hearing panic that their economy is slowing and that will hurt global growth. Just think of it as the daily psychosis that is part of the 2008 – present market conditions.

Yes, there is a moderation, but growth cycles are not always uni-directional. But, with the world economics cooling as well, be on your toes…