Tuesday, August 4, 2009

Stock Market

Andy Xie:China Market is a ponzi scheme
Chinese Stock and property Markets have bubbled up again. It was fueled by bank lending and inflation fear. I think that Chinese Stocks and properties are 50-100% overvalued. The odds are that both will adjust in the fourth quarter. However, both might flare up again sometime next year. Fluctuating within a long bubble could be the dominant trend for the foreseeable future. The bursting will happen when the US dollar becomes strong again. The catalyst could be serious inflation that forces the F


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