14 replies to this topic

[ed rader]

edit feature did not work this time. My question was, "where did this info come from that the chinese are taking out 2nd mortgages and using credit cards to buy stocks"? I had not heard this before.

i heard that about the time the chinese market had its big sell-off. supposedly the government wanted to scare the hell out of the speculators.

ed rader

[pdx5]

edit feature did not work this time. My question was, "where did this info come from that the chinese are taking out 2nd mortgages and using credit cards to buy stocks"? I had not heard this before.

I read that in a financial column/article a few weeks ago. Sorry, no link.

[spielchekr]

China Regulator Is Paper Tiger as Banks Fund Stocks (Update1) - Bloomberg 21 mar 2007
Probably not the article you were thinking of, but maybe it will do. Just one more game of "pass the live hand grenade".

Edited by spielchekr, 29 April 2007 - 08:29 AM.

[Tor]

Lending ratio and rates up again today:

http://www.chinadail...tent_863779.htm

If the bubble is being targetted it will pop at some point.

[skott]

thanks guys, interesting reading.

I had a big laugh on one part though

"U.S. Treasury Secretary Henry Paulson on March 8 challenged China to ease controls on its financial markets and remove caps on bank interest rates.

“An open, competitive and liberalized financial market can effectively allocate scarcer resources in a manner that promotes stability and prosperity far better than government intervention,” Paulson said at the Shanghai Futures Exchange." (my emphasis added)

if only he had added, " a free market "I could have really had a laugh

Edited by skott, 29 April 2007 - 11:52 PM.