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Old Posted Aug 25, 2015, 10:43 PM
LouisVanDerWright LouisVanDerWright is offline
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Join Date: Jul 2012
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^^^ Actually, nothing like this Chinese bubble has ever happened in Western markets on this scale or this rapidly in modern economic history. There have multi year run ups like the 1920s or 1990s, but the Dow (for example, its a flawed measure) has never just uped and doubled in a matter of a couple months. What is happening in China is stupidity on a new, novel level. It has never happened in the US before because our government simply has never had the control necessary to force markets, if you can call Shanghai that, to move like that.

Case in point: prices start plummeting and they start a witch hunt against short sellers who are obviously the people who made the right call, the very people who should be rewarded.
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