Danforth (Australia)
I wouldn't call investment in China equity markets ill-informed speculation. Much like the Australian house price/rent speculation industry, investors know that governments and their financial controllers, PBOC, RBA, ECB (European equities are also surging) will continue to intervene and prop up the banking industry regardless of the cost to taxpayers, savers, business, global stability or anything else in the known Universe. If you don't understand that, then you shouldn't be investing in anything. This situation will continue until the cost of borrowing rises, and given the current state of bond markets (negative rates in some places) that is some way off.
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An investor looks at an electronic board showing stock information at a brokerage house in Hangzhou, Zhejiang province, Jan 12, 2014. [Asianewspahoto by Long Wei] |
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