International Law

China?s Stock Market Fetish

By Stan

I finally saw a story on the stock market that made me realize the complete disconnect between reality and fantasy. This is not a China story — one could find lots of loony speculators, brokers and market analysts in the U.S., or UK, etc.

But the recent gyrations of the market here tell me that it is not a good barometer of the economy (if it ever was), that the value of the Shanghai exchange should be ignored as much as possible, and that people would generally be better off if they pretended that the stock market in China didn’t exist at all.

Here is the article that was the straw that broke the camel’s back, the one that jumped the shark, the last bit of inaneity that made me break down and giggle so hard that my cat had to slap me back to my senses.

Enjoy.
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Full post as published by China Hearsay on August 26, 2009 (boomark / email).