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Thread: David Barboza: To See a Stock Market Bubble Bursting, Look at Shanghai
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[quote=GARYKINKADE,279556]Am going to make a comment about the Savings and Loan debacle from the late 1980's in the States which was a result of "deregulation" and the sub prime and mortgage mess today for basically the same reason. It appears that we go through these cycles approximately every 20 years and the public seems to fall asleep only to be awakened by these events, after the facts, when it's too late. Well, of course, there was a tech bubble and Enron plus some some other energy and communications companies that went bust due to lack of both external and internal controls in the late 1990's. I know this doesn't have anything to do with China's stock market but the word "Enron" set me off. Thank you DRGARYAQUACK [/quote]
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