Our Content Team members share articles to one another all the time. Here is a selection of what they’d recommend you to read.
What’s behind China’s stockmarket roller-coaster ride?
Irrational exuberance, a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, when referring to a market that is over-valued, could well be a line that accurately describes the current state of affairs in the Chinese stock market, not only by its prolonged rally out of touch with fundamentals, but also because is now openly seen as ‘a casino without rules’. Pretty much the same feeling I have when driving along the roads in any sub-developed Asian country, be it Bali, where I live, a good illustration. Bikes not respecting traffic lights, people not wearing helmets, kids riding bikes… Extrapolate the Bali road chaos but in Chinese equity markets, that’s the picture I get in my mind after reading the article and witnessing day in and day out irrational wild swings. Continue reading What we’re reading: China’s stockmarket; How to create a new currency; Trading Leverage