China’s “Potent Directors” in Reenactment of 1929 Playbook

(Before It's News)

by Pater Tenebrarum
Acting Man

Grotesque Crash Prevention Attempts in China …

Last week China’s officialdom tried every trick in the book to somehow stop the crash (sorry, “correction”) in China’s stock market from continuing – however, as we have pointed out a week ago already (see: Bubble Trouble Strikes in China):

It is to be expected that China’s authorities will take steps to prop up confidence, possibly before any important chart points have a chance to break. This has been a pattern that could be observed on occasion of previous corrections. However, one must be careful not to fall prey to the potent directors fallacy. Once the herd begins to stampede in the other direction, nothing is likely to stop it.”

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