Sunday, Mar 04, 2007

China spawns 90,000 New Share Traders per Day

BBC news: Chinese market gold rush goes on

Worth Reading as the Similarities with the Wall Street Crash are stunning, is China the New America of the 1930's.

Posted by enuii @ 07:03 PM (143 views) Add Comment

2 Comments

1. Maker Of Things said...

I especially loved this part:

"When the market closes for lunch, they play cards. In fact, it's difficult to know where the gambling ends and the trading begins, as the room feels more like a bookmaker's than a share dealing room."

Exposing the truth of the stock market - little more than a dressed up betting shop!

Sunday, March 4, 2007 07:13PM Report Comment
 

2. harold said...

"When the market closes for lunch, they play cards. In fact, it's difficult to know where the gambling ends and the trading begins, as the room feels more like a bookmaker's than a share dealing room."

The BBC's naivety is so touching. For God's sake, share dealing IS gambling. The clots at the BBC probably think share dealing has something to do with investing - how quaint.

Sunday, March 4, 2007 10:25PM Report Comment
 

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