The Briefing Room
General Category => Economy/Business => Topic started by: catfish1957 on March 02, 2021, 06:24:02 pm
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(https://newsfortherevolution.files.wordpress.com/2015/02/stock-market-drop.jpg)
https://www.marketwatch.com/story/chinas-top-banking-regulator-warns-of-asset-bubbles-on-wall-street-and-elsewhere-11614676238?mod=mw_latestnews (https://www.marketwatch.com/story/chinas-top-banking-regulator-warns-of-asset-bubbles-on-wall-street-and-elsewhere-11614676238?mod=mw_latestnews)
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Stock market rallies on Wall Street and elsewhere are looking like bubbles and bound to eventually correct, warned China’s top banking regulator on Tuesday.
“Financial markets are trading at high levels in Europe, the U.S. and other developed countries, which runs counter to the real economy,†Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC), said in comments at a news conference, according to Reuters, Bloomberg and other media outlets.
Guo said those asset gains have been a direct result of measures from central banks and governments over the last year to ease the economic strain of the COVID-19 pandemic. He warned that corrections may come “sooner or later.â€
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Even the Chicom financial leaders can recognize the madness of a 31K DJIA, a 14K NASDAQ, and a 3900 S & P. Don't be suprised to see a Chicom triggered correction. And for the 10,000th time. There is nothing repeat nothing that justifies the overselling and market prices right now. Even the $1.9T idiotic democratic infusion upcoming, is going to have a shelf life in terms of months, not years. I expect another March 2020 event..... except it won't be a pandemic triggering it.
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They are Communists. They should have never been let into the WTO, nor been given preferential trade status.