Art of worry

Hu Jintao can say without exaggeration that the fact that he holds a claim check on a big chunk of America is worrisome. I'm worried, too.

Translated from the English translation, Hu is saying:

• China is a player. Don't screw with China.
• The dollar has lost its claim to be the currency of refuge. China nominates the yuan.
  
• In the war of economies, China has won. Or is at least close enough to be a serious threat.
• Don't count on a bailout.
  

No, he's not really giving us the finger. It just seems that way.

Psychology

You can build a market on psychology. But if even a fundamentally sound market always ebbs eventually, how could anyone think that a market built on feelings could last forever? Did the "masters of the universe" think they were using the Force?

I've got a bad feeling about this.