Chinageddon

[AbbathTheGrim]

SamuelRSmith said:

AbbathTheGrim said:

I wonder if we will have a renewed Chinese "interest" in fighting for the Senkaku islands in order to redirect attention.

My girlfriend (who's Chinese, so is in touch with a lot of what's going on in the Chinese media) has said that they are blaming it on "American hedge funds and financial institutions", who are trying to take down the Chinese economy, telling the population to "sacrifice" their fortunes to help the country.

Of course, none of the big boys in the market are falling for this crap, so they're all still getting out. Meanwhile, there will be a lot of "novice" investors (primarily older people and those from agricultural districts) who will believe this line and will continue to, effectively, throw their money into a bottomless hole.

That would be sad.