Quote:
Originally Posted by Notyrview
Ok that's fine, but what we're seeing in China is no more insane that what we've seen on Wall Street. Same recklessness, different players and strategies. What we really need is state-sponsored regulation of our own criminals. Aside from that, I hope you are correct, but I do think it's only natural and prudent to be a wee bearish at this point. I mean, this can't be good news for the development. I don't know why it's so scandalous to say so.
Edit: as you mentioned, it could be good news vis a vis flight capital.
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I disagree. Right now more than ever such companies probably want to park their cash and assets in relatively mature and stable markets that may not have as high yield but also will not likely have as much turbulence as may be coming in their home or developing markets.