> They waited, and waited, too dazed and horrified to pull the
> trigger and take their money out. In the meantime, the stock
> markets nose dived. Then, they could bear it no more and one
> after another, China's small investors embarked on different
> means to end their miseries - once and for all. Watching the
> the unfolding sad drama, was the Chinese government.
>
> Anxiously, but steadfastly on the sideline ....
demorising:
> China warns Party officials against insider trading
> Jan 17, 2008
> http://in.reuters.com/article/asiaCompanyAndMarkets/idINSHA2188620080117
>
> ----------
>
> http://groups.google.com/group/soc.culture.china/msg/3c053f5433b10cc5
>
> "In this case the winners are not the smarter ones. They are the ones
> who are connected to the CCP and know in advance when the government
> is going to take action. The CCP princelings are going to clean up on
> the ordinary Chinese when the bubble pops."
> -- Demorising, May 15, 2007
>
> ----------
>
> "The Cracking of China has begun."
> -- Demorising, February 27, 2007
>
> http://groups.google.com/group/soc.culture.china/msg/b4e15245e26ad2ae
>
> ----------
>
> "The Chinese economic bubble will collapse as all bubbles before it
> have; when something seems too good to be true ... well, it isn't
> true ... Pencil in 2007 for the collapse, but it could come sooner."
> -- Demorising, July 27, 2002
>
> http://groups.google.com/group/soc.culture.china/msg/210beb3637e17977
Greed and fear ....
Are the potent, primordial forces, that at once energize and
discipline capitalism. The greed for reaping rewards and the
fear of punishment are at work to balance the system, albeit
tenuously. At issue: Without the likes of rule of law, trans
-parency, etc. will this ginormous country be able to have a
sound soft-infrastructure to become a financial powerhouse?
Absence of democratic values, that is ....
Regards,
Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.
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