Replies to post #116030 on ajtj99's Market Pulse

[ajtj99]

The funny thing is I was in Shanghai in 2005 when it bottomed, and a Chinese friend with me told me they thought it bottomed, and I disagreed with him at the time.

At the same time, the factory we were in was talking about how they were working with the township and city to manipulate their books so they could take the company public and make big money. It was pretty typical of early emerging market attitudes. I saw the same thing 20-years ago in Korea with the crooks taking junk public and raking in the dough.