We asked traders if the Chinese stock market will crash
July 31, 2015 03:00 PM
Jeff Carter @pointsnthings
I think it’s the beginning of the end.
Why will outside capital invest in China? China is a communist centralized bureaucracy. Communism must operate at 100% employment. They thought they were embracing controlled capitalism, but capitalism cannot be controlled. Markets aren’t puppets. As soon as they are viewed as puppets, economic imbalances build. When they pop, it’s ugly. We are seeing the beginning of the pop of the Chinese bubble.
Jeffrey Carter is an angel investor and independent trader. He specializes in turning concepts into profits. In April of 2007, he co-founded Hyde Park Angels, one of the most active angel groups in the United States. He is a former member of the CME Board of Directors.
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