10 signs of a bubble-"Devil Take the Hindmost"-1999 null_pointer2010-04-13 00:13:02

1. A compelling growth story;
2. A blind faith in the competence of authorities;
3. A general increase in investment;
4. A surge in corruption;
5. Strong growth in money supply;
6. Fixed currency regimes, often producing inappropriately low interest rates;
7. Rampant credit growth;
8. Moral hazard;
9. Precarious financial structures;
10. Rapidly rising property prices;

China has them all !

HAHAHAHA

所以说，中国是教科书的例外，不受自然规律约束的超能量

中国经济实际遇到过重大挫折，比如87,88两年，价格体系失控

这个世界已经捆绑在一起，一荣俱荣，一损俱损。

打仗更差；那时候总叫嚷改革，掩耳盗铃，把责任推到没有改革

对。

国有企业再如何改也是国有企业。

当年nasdaq涨到5千多点的时候，很多人喊泡沫喊崩盘

10年前此书不是为中国而写