Video & Multimedia

tomm2thumbs

(13,297 posts) Thu Jul 30, 2015, 05:04 PM Jul 2015

Catastrophic Losses in Chinese Stock Market - Human Toll

An interesting glimpse into the Chinese government's push of small investors to get into the market, and the resulting chaos it is bringing to those who lost their entire life savings (and that of their friends of neighbors).

Eunice Yoon introduces us to a Chinese farmer who lost more than just his money in the Chinese stock market, he also lost hope.

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Added BBC report from this week

6 replies

= new reply since forum marked as read

Highlight:

Catastrophic Losses in Chinese Stock Market - Human Toll (Original Post) tomm2thumbs Jul 2015 OP

I have a feeling that another great purge is going to happen soon. Crowman1979 Jul 2015 #1

Greed is not good... Helen Borg Jul 2015 #2

I got the impression that it was more about a lack of market sophistication PotatoChip Jul 2015 #4

Must post this here. longship Jul 2015 #3

Young & Restless in China KT2000 Jul 2015 #5

Not good Roy Rolling Jul 2015 #6

Crowman1979

(3,844 posts)

1. I have a feeling that another great purge is going to happen soon.

Reply to tomm2thumbs (Original post)

Thu Jul 30, 2015, 05:36 PM

Jul 2015

And a lot of these greedy financial predators are going to be executed in China.

Helen Borg

(3,963 posts)

2. Greed is not good...

Reply to tomm2thumbs (Original post)

Thu Jul 30, 2015, 05:52 PM

Jul 2015

He should have sold when he was ahead, no? And all of it in one stock? Sad. I thought that 140K dollars in China would be a small fortune already.

PotatoChip

(3,186 posts)

4. I got the impression that it was more about a lack of market sophistication

Reply to Helen Borg (Reply #2)

Thu Jul 30, 2015, 06:18 PM

Jul 2015

and bad advice, than greed --in the case of the man in the first video.

I felt sorry for him.

longship

(40,416 posts)

3. Must post this here.

Reply to tomm2thumbs (Original post)

Thu Jul 30, 2015, 05:54 PM

Jul 2015

KT2000

(20,583 posts)

5. Young & Restless in China

Reply to tomm2thumbs (Original post)

Thu Jul 30, 2015, 07:17 PM

Jul 2015

is a video documentary that followed several Chinese young people over a period of years as they adapted to the changing economy. One woman worked for a finance company where she sold investments. At fist she was bothered by the fact that the buyers did not realize they could lose their entire retirement money. After a few years she adapted - just like Americans have. Hell - the R's want to force us all into risky investments with our retirement SS.

Everyone wanted to get in on the booming economy but some eventually decided to use their education to help others.

http://www.pbs.org/wgbh/pages/frontline/youngchina/

Roy Rolling

(6,917 posts)

6. Not good

Reply to tomm2thumbs (Original post)

Thu Jul 30, 2015, 07:30 PM

Jul 2015

Economic upheaval of this magnitude seldom is contained to one country.

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