Way to put words in people mouths. Markets are imperfect but I do believe on average they are one of the better tools to solve supply and demand issues.

I don’t know who will come out winners but I do agree that China did well taking the playbook from Singapore and navigating their country through incredible amounts of growth. They are still facing depressing housing prices and deflation in other parts of the economy.

There are absolutely areas where markets breakdown, thinking problems where impacts are on longer horizons but for simple supply and demand like what we are seeing today, things will sort out in a couple years.