I am always amazed of how stupid these guys are. The $3B investment in BX is cut by half in just a few months. The $5B investment in MS keeps shrinking. Not to mention a bunch of limitations on them. Now the latest: Can you imagin that CPI rose from 1% to 8.7% in just 1 year? What the hell have these guys done? What is the Congress for? Kissing ass?
The A Share market is the only Asian market down so far, while every market else is up by 2% in average. Although these government officials are stupid at doing their job, they know how to blame on things beyond their control, so they don't need to take the responsibility. :)
They blame on the golobal inflation. They say things will be better soon. They say the CPI is peaking. The problem is, these have been their excuses for the past year, but why the CPI is higher, if not much higher, than most other countries? OK, they have something new to blame on this time: the snow storm. If this is the case, the snow is gone, so what to worry about? Why are they having a hard time to decide which tool to use to fight the inflation?
Somebody has to take the responsibility, ot things will not turn around.