http://www.dailyreckoning.com.au/shanghai-index-2/2008/08/12/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/shanghai-index-2/2008/08/12/comment-page-1/#comment-34923 beyondtool Wed, 13 Aug 2008 10:44:44 +0000 http://www.dailyreckoning.com.au/?p=3271#comment-34923 There was a nice write up in the Sunday Mail this weekend about the credit crisis. It's interesting that Mainstream media is finally explaining the fact that greed got us into this mess and that the worst is not over by a long shot. The impacts are only starting to flow and the housing market in Australia is only starting to slide. There was a nice write up in the Sunday Mail this weekend about the credit crisis. It's interesting that Mainstream media is finally explaining the fact that greed got us into this mess and that the worst is not over by a long shot. The impacts are only starting to flow and the housing market in Australia is only starting to slide.

]]> http://www.dailyreckoning.com.au/shanghai-index-2/2008/08/12/comment-page-1/#comment-34729 Ross Tue, 12 Aug 2008 09:58:11 +0000 http://www.dailyreckoning.com.au/?p=3271#comment-34729 The Shanghai householders that drove up the Shanghai exchange did so on debt and one thing the Chinese government still appears to be able to do is to`control bank lending whenever it chooses. Bank capital controls = flatlining stockmarket. What do global markets look like unleveraged? Thats what we are all about to find out. We are seeing it in commodities as we speak, the first sign of a dip on high cost leveraged gambling sees those in the market running for the door. Fast up and fast down ratcheting around sector after sector until it gets to CDS when it will really hit the fan. The Shanghai householders that drove up the Shanghai exchange did so on debt and one thing the Chinese government still appears to be able to do is to`control bank lending whenever it chooses. Bank capital controls = flatlining stockmarket. What do global markets look like unleveraged? Thats what we are all about to find out. We are seeing it in commodities as we speak, the first sign of a dip on high cost leveraged gambling sees those in the market running for the door. Fast up and fast down ratcheting around sector after sector until it gets to CDS when it will really hit the fan.

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