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And for the next major bubble, enter China

By   || August 27, 2009 at 23:35 GMT
|| 2 comments || Add comment

The lead in to this article in the online Caijing magazine says it all; “how much of China’s bank lending ended up in stock and property markets was a mystery until an analyst gave his scary estimate”. The one reliable facet of human nature is our total inability to learn from past mistakes.

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2 Responses to “And for the next major bubble, enter China”

  1. tonysan on August 28th, 2009 00:16 GMT

    No offense to our Asian comrades out there but history will repeat itself in China not for the reasons of greed that has decimated Wall Street, but due to good “ole fashioned gambling” that China has so ingrained in its culture…btw Sean, what is the name of the securities regulatory body in China…

  2. Sean Lee on August 28th, 2009 00:21 GMT

    That would be the Red Army Tonysan!

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