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Kuros
Joined: 27 Apr 2004
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 Posted: Sat Feb 02, 2008 10:12 am Post subject: |
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| thepeel wrote: |
| Kuros wrote: |
| The American recession is going to look like a cake-walk next to the Chinese crash, and the Chinese crash will affect markets from New York to London to Berlin. |
I totally agree, and I think the American recession is going to be quite deep and painful. But you are right about the parallels between Chinese markets and 1928. The Shanghai index is up massively in the last 18-20 months. All speculation.
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Holy crap! I didn't realize the numbers were such. I don't believe for a second, not for a second, that in the same year we learned China's economy was 60% what we thought it was, that the Shanghai index has any correlation to fundamentals. I don't think you can even make the argument that the Shanghai index is making up for lost time of progress. Those kinds of gains are insane. |
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