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Business
Stock market Olympic lock downPosted by Jeremy Goldkorn on Monday, July 28, 2008 at 8:44 PM
Last week, Patti Waldmeir and Jamil Anderlini of The Financial Times reported: Pre-Olympic warnings to China’s fund managers While it's good to see that the stock exchange regulators think that blogs are important, it would be even better to the see the Olympic clampdown on irresponsible behavior in the markets extended beyond the end of August, and to include other types of irresponsible behavior such as insider trading, manipulation of stock prices, egregious conflicts of interest etc. etc. For more on shady stock market dealings, see two recent articles by Gady Epstein at Forbes:
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Comments on Stock market Olympic lock down
Today's China is very much like the US in the late 19th century and early 20th century, corrupt, chaotic, and filthy, and also roaring. Good for the US, it moved from one equilibrium (a bad one) to a nicer one. How would China go?
"Today's China is very much like the US in the late 19th century and early 20th century, corrupt, chaotic, and filthy, and also roaring. Good for the US, it moved from one equilibrium (a bad one) to a nicer one. How would China go?"---on the other hand
So the Chinese are driving Model T's, inventing lightbulbs, and don't yet have the NFL? That sucks.
Did the U.S. during the last part of the 19th/early part of the 20th century have recyclers that were kicked out of town because they were earning pennies for their starving families back on the farm by reversing the carelessness of snobby city folks?
@SGT. SLAUGHTER
Interesting you're a slaughter. So you must be familiar with the novel "the jungle", which depicts the corruption of the American society during the early 20th century (in the novel, meatpacking industry).
Of course two countries at two centuries apart are different in many aspects. But Jeremy's post and the Forbes articles are about business corruption. You can't deny the US a century ago and even during the roaring 20s was much more corrupt than it is today, can you? And you can't deny that the American society before the progressive movement was much more corrupt and chaotic than it is today, can you?
So much with slaughtering.
"You can't deny"---On the other hand
Where did I deny anything? And no I didn't read that dumb book because as a redneck I ain't fer that there larnin' and such. Besides its probably not about the Pittsburgh Steelers and therefore I don't care.
Stop your assumptions. If you reread what I said in my previous post I really said nothing.
How about this?:
You and your disertation 1, SGT. SLAUGHTER 0.
It would seem to me that, (I must preempt by stating that I am not a financial expert by a long shot), the key issue relating to the CRSC 'advice' to fund-managers, is much the same as the advice given to the press, (local and foreign), and to citizens of the PRC. Which is not to disclose any information, that could stoke volatility in what would appear to be a some what particularly precarious market, and potentially volatile socio-economic climate. It would also seem to me that this current economic climate is unparalleled to anything in all of history.
(Merely an educated guess)