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  • China: Bring On the New Financial Order [View article]
    Insightful article on China. Interesting that the SSE composite index may well be 1500 which is the level in July 2006 at the start of the bull market. This despite double digit GDP growth every year. Who says investing is a piece of cake? We must let common sense guide our moves and not depend on slogans like "cash is trash", "can't go wrong investing in a country with 10% double digit growth to eternity".

    Imagine the S chip index in Singapore of Chinese stocks, it is down 80% from a year ago. This almost rival the decline in the Dow of 90% during the Great Depression. The world of reality and common sense and slogan shouting are quite different at times, as we have seen.
    Oct 26 20:30 pm |Rating: 0 0
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