Interesting comment and comparison, I think.
From: mchjc 5/28/2007 11:40:01 PM
China bubble...cont'd..
New issue Economist has article headed ..
"China's economy may be less vulnerable to a bursting of the stockmarket bubble than it appears.."
Among other things noted in the lengthy article, rise of market in the BRIC countries compared since Jan 1, 2003: Brazil leads, up over 800%; Russia and India next, each up about 500%; China up only something over 300%..
Only about 7% of the population in China own shares.The total value of tradeable shares is only 25% of GDP.....compared to 150% in the US, 100% each in Japan, India, Russia, and Korea, and about 75% in Brazil..
May not have been far off this morning when I joshed David about the Shanghai Index up to 8,888.88...LOL
Also, clear that Greenspan could really use a research staff like he had at the Fed !!...LOL |
