Tuesday, July 28, 2015

Savvy Chinese Investors Strike Again

July 28, 2015
Chinese farmer invested life savings in stocks, lost it all

But after sinking his entire life savings—$164,000—and his relatives' money into shares of a local mining company, he lost everything. Not only that, but Yang's brokerage convinced him to borrow more than $1 million to buy stocks on margin. He now owes roughly what he originally invested after liquidating his portfolio.

The Great Chinese Famine Corporation

Mining "fa" since 1959! Proven track record! Can't lose! Every investor loves a famine! Publicly owned, locally operated.


Rob Dawg said...

As long as no one else did that it's contained.

Stagflationary Mark said...

Rob Dawg,

I believe there was only one... who gambled exactly $164,000.00 of his own money, borrowed more than a million, invested it all in just one local mining company, whose name was Yang, who now owes what he originally started with, and who was willing to talk about it today.

So, it seems relatively contained, lol. Sigh. ;)

Mr Slippery said...

"When the market climbed to 4,000 points, I realized the risks were pretty high. However, public opinion on government policies affected my judgment," he told CNBC.

Hmm, what is the public opinion on government policies in the US? It surely hasn't affected anyone's judgment. Hahaha!

Stagflationary Mark said...

Mr Slippery,

Hmm, what is the public opinion on government policies in the US?

As long as the public believes that the government's policies have permanently put an end to recessions, does the public's opinion really matter?

Hmm, I may need to rephrase the question. Is belief an opinion or can it simply be taken on faith?

Oops. I keep digging the logic hole deeper and it's making me dizzy. Sorry about that.