•China to Cut New Loans by Half to Deflate Stock Market `Bubble,' Xie Says

Discussion in 'Wall St. News' started by ByLoSellHi, Jul 31, 2009.

  1. S2007S


    The entire global economy is being injected with trillions of dollars to prop the system, seems this is another BUBBLE in the making, only way the u.s gets out of this recession is by creating another bubble. Did china really need those loans to stimulate their economy. So growth drops to 2 or 3%, is that so bad in the state of this recession.

    Also noticed 1 million new accounts opened in china last week alone, think were setting up for the same scenerio we had last time chinas market rallied to 5000+.