China's Siren Song Of SpeculationGuest Post
China's Siren Song Of Speculation by Cook & Bynum
As China’s stock market continues to rise, the siren song of speculation is proving too much to resist for many in China. Using debt in a variety of forms (beyond just typical margin loans), corporations are piling in – for many manufacturing concerns, the overwhelming majority of recent profit growth is attributable to gains in investment portfolios. Given the type of participants and the huge amounts of leverage in place, a correction could create a . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat