Tag Archives: people’s bank of china
The Fatal Dangers of a Fading Bull Market Run
It is too bad that mobile devices don’t set off a signal before their users do something terminally stupid. Perhaps a warning alarm would help them change course. Rather than texting and walking in front of a city bus, the … Continue reading
China’s Exercise in Futility
At the moment, it appears the Chinese government has forestalled a full stock market meltdown. To do so, the People’s Bank of China made direct purchases of stocks trading on the Shanghai Stock Exchange. What type of chimera is this? … Continue reading
The Ghost of Mao Zedong
“Let a hundred flowers bloom.” – Mao Zedong Someone screamed “fire” in a crowded theatre in Shanghai about a month ago. For whatever reason the audience was on edge. Perhaps they were watching a suspense thriller, or maybe a horror … Continue reading
China’s Economy is Doomed
Sometime early last summer, Hui Ka Yan, chairman of Evergrande Real Estate in China, displayed his brilliant deal making abilities. He took time off from developing and selling residential real estate buildings to sell China’s most popular soccer team to … Continue reading
