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IPFS News Link • Economy - Economics USA

Those Irresistable Hearts of Darkness

04-29-2007 • Bill Bonner for LewRockwell.com

China is clearly in a bubble. Shanghai stocks are up 250% since 2005 – and 35% this year alone. Still, investors are so eager to get in at these prices – while they can still get hurt – that they take up Chinese bank IPOs at twice the PE ratio

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Reported By Ernest Hancock

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