J. Christoph Amberger Says China Is a Potential Train Wreck
Aug 14th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsOn Tuesday, we published a post by Taipan Daily editor Justice Litle, Why the China Bears Are Wrong.
Justice gave six reasons why China is a buy now. These included the recent correction in crude oil prices, China’s high level of personal savings and the country’s massive foreign reserves.
Today’s Financial News editor J. Christoph Amberger says Justice is wrong about China. The Shanghai and Shenzhen stock exchanges have plummeted since the opening of the Beijing games. J. Christoph says China now looks more like Japan in the ’90s than a strong buying opportunity…