Muddy Waters Warns on Chinese Stocks: “Largest Pump-and-Dump in History”… Liquidity Is “crammed Into The System.” Government Says “buying Stocks Is Patriotic.” Insiders Go Hog-Wild.

Muddy Waters Warns on Chinese Stocks: “Largest Pump-and-Dump in History”… Liquidity Is “crammed Into The System.” Government Says “buying Stocks Is Patriotic.” Insiders Go Hog-Wild.: "And this, just when China’s economy is slowing sharply, when overcapacity has become a nationally recognized problem, when growth in car sales, another miracle, is grinding down, and when everyone, from the National government on down, is working furiously to sweep non-performing loans under the rug and out of sight. No one wants to see them. They’re too big and too ugly to behold.

But nothing is going to stop this daily stream of stock-market miracles. Even in the US, not a day goes by when we aren’t exhorted by one of the gurus to finally jump on the bandwagon and buy Chinese stocks. The whole world is caught up in the miracle."



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