Here is what Chuck Butler had to say in his Daily Pfennig today about Chinese slowdown rhetoric:

"OK. yesterday I told you that I thought that the Chinese 3rd QTR GDP would come in greater than 9%, and it did. printing this morning at 9.1%... And guess what all the media is going gaga over? The fact that this is the slowest pace for China's economy since 2009. I say yeah, yeah, yeah, wooo! Look folks. I've said this for over two years, while everyone else was calling for a collapse of the Chinese economy. With all the things the Chinese Gov't did to slow down inflation, it was bound to slow down the economy. Moderation."