The first mistake China made was to encourage people to jump into the overheated stock market. The state have no business meddling in free market. At most, the state is responsible to deflate bubbles, not inflate it more. As such, the government now feel obligated to support the market using public funds. If it didn't asked people to jump in in the first place, the bubble wouldn't get so big and they don't have to save the retail investors now. It's a really poor judgement from the Communist Party.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
soojinhou
869 posts
Posted by soojinhou > 2015-07-28 11:04 | Report Abuse
The first mistake China made was to encourage people to jump into the overheated stock market. The state have no business meddling in free market. At most, the state is responsible to deflate bubbles, not inflate it more. As such, the government now feel obligated to support the market using public funds. If it didn't asked people to jump in in the first place, the bubble wouldn't get so big and they don't have to save the retail investors now. It's a really poor judgement from the Communist Party.