Abstract: everyone wanted to put all the money out of the bottom pressure to stock investment. Our own occupation as an investor in this case, we can’t make the allocation of capital are configured in the stock on hand, we will save a lot of cash in it, because only in this way, you can have the ammunition.
Yan Yan interpretation of the stock market overheating
Chinese now stock hot, I think there are two reasons: the first is the most direct China due to lack of convertibility of RMB, so now we are still a large number of banks printing money, one is our own needs, we come in another 1 dollars, we need to have 6 dollars it received. So the money went into circulation in the economy. Another reason is that because a lot of money from the real estate come out, go to the capital market, in China and other countries are not the same, you can not buy land, but can not buy a mountain, but can not buy a river.
can invest in very few places, so everyone rushed to the capital market. Although everyone said the stock market is too high, the stock market is too high, but everyone is anxious to put all the money out of the bottom pressure to stock investment. Our own occupation as an investor in this case, we can’t make the allocation of capital are configured in the stock on hand, we will save a lot of cash in it, because only in this way, you can have the ammunition.
our generation, basically is that the Cultural Revolution generation queue. With the tide of the times, basically at each joint point, or make a right choice. Under the tide of this era is not outdated.
we have a lot of time is passive. For example, when we say farmers, this is not our choice, but at that time, the tide of the times that you graduated from high school, if you are not only children have to jump the queue. We have a subjective choice, for example, our college entrance examination in 1977, when we jump together a lot of people, but the real entrance, only a few really go to the examination.
84 level of our entire Peking University Department of sociology only recruit 4 people, so it can be admitted on the fact that the probability is very small, to the north, is indeed a great change in my life. Another is to go abroad in 1986, to study in the United states.
that time I think if people remember, there is a particularly strong desire to change China, change the society, maybe this thing a slim flat world that we are a generation that is more, so we think to study in America, are thought to come back then. Some people want to enter the system, convenient, this is understandable. But that could be a big change after 1989. After the change, the power of the market, the power of the economy, began to show.
(World Bank) treatment is very good, "