China’s stock boom is not so different this time

The four most dangerous words in finance are “this time it’s different”. China’s soaring, $10 trillion stock market has evoked memories of boom and bust in 2006-2008. Many of the same themes are present, while the differences aren’t sufficient to suggest a happier ending. The current ascent is rapid, but […]

Reuters via CHINA US Focus http://ift.tt/1Ra07AH