11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

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John
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11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

Post by John »

11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

Worldwide concerns are growing about China's stock market crash

** 11-Jul-15 World View -- China's stock market looks increasingly like America in 1929
** http://www.generationaldynamics.com/pg/ ... tm#e150711




Contents:
Concerns are growing about China's stock market crash
China's stock market looks increasingly like America in 1929


Keys:
Generational Dynamics, China, Shanghai, Andy Xie, pump and dump

burt
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Re: 11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

Post by burt »

Hello,

What do you mean by:
but they're still practiced regularly on CNBC today
1- I think that you mean China, CNBC is a media

2- Could you please give more documented details, China is known as having put regulation on line with modern US, not with the US of 1929

3- I read (for a long time now) on the chinese mentality and I wrote to some chinese friends, and the answer looks like being:,
Chinese are on an optimistic mood, and they are "players" by nature, so "one day you win, one day you loose" (I mean they won't be any panic, as it was the case in he US in 1929) AND that the gain of the stock exchange were allocated to buy new houses, so it will NOT alter the consoumption this year (even if the SSEC were going to zero)

Thank you for your reply and your thinkings

Burt

John
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Re: 11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

Post by John »

burt wrote: > What do you mean by: "but they're still practiced regularly on
> CNBC today." 1- I think that you mean China, CNBC is a
> media
I meant CNBC. They're always pumping up stocks
burt wrote: > 2- Could you please give more documented details, China is known
> as having put regulation on line with modern US, not with the US
> of 1929
I was quoting Andy Xie. I don't have any information other than
what he supplied.
burt wrote: > 3- I read (for a long time now) on the chinese mentality and I
> wrote to some chinese friends, and the answer looks like being:,
> Chinese are on an optimistic mood, and they are "players" by
> nature, so "one day you win, one day you lose" (I mean they won't
> be any panic, as it was the case in he US in 1929) AND that the
> gain of the stock exchange were allocated to buy new houses, so it
> will NOT alter the consumption this year (even if the SSEC were
> going to zero)
Whoever's saying this is living in a total fantasy world. Real people
are losing their life savings, and it's not a game to them. Americans
don't remember the lessons of the 1929 crash, so why should the
Chinese be any different?

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Tom Mazanec
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Re: 11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

Post by Tom Mazanec »

any more than the Communist Revolution and World War II were not inconsistent with each other.
I think you meant WWI, not WWII.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

John
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Re: 11-Jul-15 World View -- China's stock market looks increasingly like America in 1929

Post by John »

Tom Mazanec wrote: > any more than the Communist Revolution and World War II were not
> inconsistent with each other. I think you meant WWI, not
> WWII.
I was referring to the fact that the Communist Revolution and WW II
occurred at the same time.

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