Monday, August 31, 2009
Could this be a portent for the Britsh market
I read this and thought it could be repeated over here at some point as the market realises that the bounce was based on expensive artificial stimulus and hype. "A sharp drop in Shanghai stocks and weak industrial data reverberated throughout Asian exchanges today and raised fears that Chinaâ€™s much-vaunted economic recovery may be built on sand ... The government-backed, six-month deluge of credit was supposedly leading China and the region out of its slump, although senior economists have warned that the cracks in that theory are now clearly visible."