> That system, by design, has conquered the boom/bust cycle, but western observers refuse to believe this because they are so throughly bought into the architecture of the western financial system and the many billions of words written on the topic of the operation of that system which is based on very different rules that they cannot imagine it could work any other way.

One thing all markets at their very peak have in common is the widespread belief that the business cycle has finally been conquered. Whether that's the "permanently high plateau" of the 1920s or the "new economy" of the late 1990s.

Remember "The Maestro?" Alan Greenspan was the guy who knew what was what and kept the economy humming.

How is he viewed now?

Same story, different actors. I doubt that any of these notions are true:

1. All of the information about Evergrande is out.

2. Half of the information that is out is accurate.

3. The CCP rescue actions will not re-inflate the bubble.