So, what are we left with? Probably the market is now betting against any Chinese stimulus to help stock prices. The very fact a teenager in China sold a kideny for an iPad and Phone has got to ring alarm bells with the central government .... and with Apple for that matter. The Aussies are not going to like the result in my view. Stay short the AUD.
Meanwhile Big Ben must be itching to do QE3 because he knows that without it the next shock (such as the student loan bubble bursting) might kill off his economy for 10 years.
Back to the bike. 50k short ride before lunch with the Baron. Couple PB's on the time front as well. Clearly my Italian experience has helped. The goal this week is 220k's.
I forgot to mention I spent some time working on Mrs IBC's bike. SRAM lovers are a mystery to me. I just don't get the benefit of double tap technology on the shifters. It feels too easy to make a mistake ... I mean the last thing you want is to shift down when you want to shift up for a hill climb. I think I fixed her problem. It seems that the cable to the rear derailleur was actually too tight causing her difficulty in shifting down . . . . I loosened it up and all looks good.