Agricultural Bank of China $32B IPO = greatest bubble?

First, they are only selling 15% stake, so you can't control anything.
Second, they are full of crappy loans

All bubbles bust
The bigger they are, the larger they fall

 

China is one big bubble, once that deflates the entire global economy is going to feel it.

 

$32 bn is enough of capital buffer to bolster a worse than worse case scenario.

 

Those $32B are really worth 1/10 = $3.2B
Soon or late market will realize fair value.