Gambling on the stock market has become a craze in China where millions are buying shares with credit cards. This has created a bubble, and the sooner it bursts the better for us.
Alan Greenspan says it’s ‘‘unsustainable’’ and a ‘‘dramatic contraction’’ is coming. Asia’s richest man, Li Ka-shing, says that it ‘‘must be a bubble’’. Make no mistake - the wild gyrations in the Chinese stock market are making people nervous....
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