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Chinese Bubble (59 Links)
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Created by ian 2 years 190 days ago in Finance. Views: 780. Link Views: 10,408
Tags: china chinese bubble stocks economics
Related Tags: finance wall street business video politics stock market credit crisis |
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Channel created on May 14, 2007 at the peak of the Bubble to warn of its collapse.
May 2007: "The Shanghai composite index's sharp rise in the past 18 months makes the Nasdaq's glory days in the late 1990s look quaint by comparison. Last year, the Chinese index soared 130%. This year it is up another 50%, bringing its market capitalization nearly even with the US$13.5-trillion market cap of the mighty S&P 500. On the valuation side, stocks are trading at an average of 42- times earnings, making the Chinese market the most expensive of the world's major markets. And in terms of behaviour, Chinese retail investors are showing some of the classic signs of euphoria. Faced with low-yielding bank accounts that do not keep up with inflation, they are pouring into domestic equities. Lately, investors have been opening a total of 300,000 new trading accounts every day, representing an amazing influx of investors even with China's huge population."
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Billionaires arrested in China's crackdown on illegal loans
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Posted by PhilH 94 days ago (news.bbc.co.uk).
Views: 26 |
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Chongqing, China:
"Nearly 500 criminal suspects are on the run following a crackdown on gangsters in China, according to media reports...Illegal loans are one way the gangs make money. One local official said the loan business could be worth as much
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