9/19/11

Tough times in China

China’s stocks fell to a 14-month low after Premier Wen Jiabao said the government will take measures to control inflation and investors speculated pending initial public offerings will sap demand for existing equities. (Source: Bloomberg)

It is difficult to become an industrialized country. China is facing a sharp slowdown, according to their equity market. Wealth will be achieved slowly and painfully -- not as rapidly as most analysts expect.

The business cycle has laws that cannot be repealed -- even for China.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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