China - Chinese stimulus rally a "sick joke" says analyst

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Chinese stimulus rally a "sick joke" says analyst

Monday, June 29, 2009
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From Newsmax:

Rallies in commodity prices and mining-company shares stem from a "bubble of belief" in China's economy, one that is likely to burst, says Albert Edwards, a strategist at Societe Generale.

"I believe we will look back on the Chinese economic miracle as the sickest joke yet played on investors," Edwards wrote in a recent report that cited falling earnings at the country's industrial companies, Bloomberg reports.

Read full article...

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Topics:		China \| Boondoggle

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