To: TigerLikesRooster
Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.When will they ever learn? Government makes the problems worse when they intervene. Allow the market to correct itself, and stay out of market manipulation. It's that simple... But sadly, those in power cannot conceive of any solution that does not involve them doing something, and taking credit for it.
6 posted on
08/23/2015 7:33:59 PM PDT by
Teacher317
(We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
To: Teacher317
“Market Interventions” are inevitably a bail-out for someone’s bad investment choice — usually someone well connected to the government/bank. Applies to all G-20 countries, not just the PRC.
12 posted on
08/23/2015 7:39:24 PM PDT by
sefarkas
(Why vote Democrat Lite?)
To: Teacher317
Sadly, your correct analysis applies to Beijing and Washington. GW Bush lead the way when he set aside his ‘free market leanings’ and cronied the economy.
110 posted on
08/24/2015 4:56:26 AM PDT by
1010RD
(First, Do No Harm)
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