there are three main reasons
The present situation of China’s stock market definition of “irrational exuberance” and “a speculative bubble”, which China stock market both with greenspan is very seriously. “Irrational exuberance” of the stock market evaluation is Alan greenspan had shocked the world language. December 1996, facing the global equity markets continue to prosper Mbt shoes and steeply, as federal reserve chairman Alan greenspan was made “irrational exuberance” judgment, this judgment shocked the world, be called “greenspan shock” and lead to euramerican market slump. But after that, the American stock market appeared three-year bull market, way. Jones industrial stock index rose to all the way from 65 points to the stock market, greenspan 12,000 multi-point the judgment was completely negative. Since then, greenspan recuperation, to global equities market, are often involves considerable greenspan characteristics with the fuzziness of language, even when the nasdaq stock market rise to 5,100 multi-point, p/e ratio has amounted to more than 850, greenspan nor as any comment on to the stock market. As he subsequently have repeatedly, stock market bubble that when theings disillusioned; Only in burst bubble can be known by people; Against foam divergences haven’t been found yet. That is to say, “greenspan in 1996 after shock”, greenspan basic wrong stock market comment, especially not easily assert stock market bubble. In this context, called “economic fundamentalists” greenspan in 10 years on the stock market again later comment is aimed at the Chinese mbt shoe stock market, and a speak be three times, not only way more and more direct, and tone has more and more heavy, especially the status quo of China stock market not only directly defined as typical of the stock market bubble, and the more direct state that speculative froth “for”, it is more unusual also more intriguing.
Greenspan pointed directly at targeted the Chinese stock market, what cause and purpose? In my opinion, greenspan continuously wantonly sing empty Chinese stock market, there are three main reasons.
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