the original two groups in front of us has person

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that period, Hong Kong, Japanese tourists on the street less, to high-end restaurant, the Japanese businessmen also less. \Since then, the bubble always followed me.
Hong Kong stock market crash of 1997:
Become negative assets secretary
To the 1997 Asian financial crisis, the cry of one of Hong Kong. First half of 1997 the situation had also good, the property market innovative high, people are lining up to go to a restaurant for dinner. We developed a real estate opening advance sale of flats, people need to buy a house the night before to wait in line. Country singer for a well-known large companies through the back door to buy our house with us one night to sing karaoke OK. Our two secretaries proximity and easier, do not have to line up, each dollar spent to pay a third of 80 million down payment to buy a house, but before the house was lived in, the bubble came. Prices fell by two-thirds of breath, these two very ugly face of Miss months, between the brows out a big pimple total. The reason is that they have paid 80 million to house handing down the bank,[link widoczny dla zalogowanych], and why? Because the same house on the market, worth only 80 million; if they continue to buy the house for that time, we must then pay 1.6 million.
Understand that just arrived in Hong Kong, Hong Kong is not big stars of the rules to find me frantically check out, I said: \They are our company's secretary, the company has worked for 10 years. They like you, also bought our house, so they considered the 10-year volunteer of the company. \
I see big stars do not quite understand, to explain, said: \does not mean that the company did not give 10 years. If you can check out, they left early. You did not read the newspaper to discuss these days do a lot of people selling the Li Ka-shing's house, now turned into negative equity. Some people say that in this particular period as the richest man Li Ka-shing of Hong Kong should be spared, not catching the people with negative equity balance owed on the house. How do you think the richest man Li said? He said: Hong Kong is a contract and keeping promises, at your own risk society, you do not see nothing with the financial bubble, because everyone did not see. If the bubble does not break, make your house twice, I did not reason with you points profit. \
Internet bubble in 2000:
From 3 billion to the general manager of the city with the no
Asian financial crisis not over the Internet again. Late 1999 and early 2000, traders in Hong Kong seems crazy. This is different from the past, the more merchants, more crazy, whether it is engaged in real estate, or engage in department stores; whether the production of electronic,Provide comprehensive [link widoczny dla zalogowanych], or production of cement; both schools,Provide comprehensive [link widoczny dla zalogowanych], or to open the club; short dry on the whole with the Internet have since established a Web site,Provide comprehensive [link widoczny dla zalogowanych], have registered the name with Cyber.com, Information.net the company,Provide comprehensive [link widoczny dla zalogowanych], have Ivy League college graduates to those given high-paying job offers IT companies have with marriage. I was working in the China Resources Enterprise, the company naturally no exception, although the company has more than a billion a year net income, but because the Internet has nothing to do with the stock not as a newly founded Internet company two years high. Shareholders quit, saying: If you do not enter the IT, to find someone to buy. Thus, we can only rely on their brains to the Internet, first to pay the astronomical sum of consulting fees, please the world's largest consulting firm ideas, but those coming from the United States in addition to our senior head two of the written information, did not solve any problem; fact, they can not solve our problems, because we are not in the Internet worm, as the general manager will not connect to the Internet at that time.
But the mall is riding a boat behind the game. At that time many outsize economic experts say: Internet technology will create a new economy, who can not keep up, who will be eliminated. Think about who is not afraid of you? Thus, we also desperately looking for a U.S. technology company \Friends after the investment bank, the U.S. vice president of a large company in Hong Kong, you can tell us about the period. But the time is about to 8 am, which is very rare in Hong Kong to meet the time for business. I was a bit puzzled: It seems that the Internet is not the same person, may have been Superman! Next morning, people arrived at 7:50 the Hong Kong branch, into a reception room I almost fainted, the original two groups in front of us has person, group of people who are in the room talking with the vice president, another group of people are still waiting for the conference room. 8:45, turn to us for 30 minutes Moving on, the result would not have said.
Early 2000, when I do a disoriented by the Internet, a friend found me, he and an American fund founded an Internet company in Hong Kong listed company to buy a shell, suddenly rose to 200 billion market capitalization. He asked me to join. I said: I can not understand the Internet. He said: You know as long as the operation of listed companies on the line. So he can not refuse out of the conditions of my 3 billion shares, plus 7-digit annual salary. Doing billionaire dream, I go to work in the new company. But the work of the first day, the Internet bubble burst, the first month of my 3 billion into 200 million yuan, the first month into a 100 million yuan, the first three months ... .... 10 months, I turned into 30 million shares, and there was no city of the line.
In 2008 China's stock market:
Curse \
Internet bubble went out. BRIC countries are coming out, especially China, into the 21st century, the resurgence was incredible. China has become an instant world's factory, the world's largest steel producer, the second largest automobile producer, the world's third largest economy in the development of the country. This is the first in China in 2007 sleeping lion,Provide comprehensive [link widoczny dla zalogowanych], and finally woke up completely. Shenzhen property market began over the New Territories of Hong Kong, Shanghai, Beijing also began to catch the New York office, opening stocks to 100 million people. Thus, once created the world's largest banks, the largest oil companies, the largest real estate company, the largest insurance company ... ... the world top 500 this year in turmoil, because the old 500 have been abruptly went out for Chinese companies. Chinese merchants began to stand tall in the world, and waist Chuaizhuo a lot of money investors can also buy one who will buy who. Thus, the oil fields in Central Asia and Africa, Latin America, the copper and aluminum, iron ore and coal mines in Australia are frequently asking about the price the buyer from China. Some people hold grudges in Australia to see the Chinese people to buy Australia's biggest mining company, went so far made would threaten their national economies. Speech by Chinese Foreign Minister tactfully: \\
The focus of the world economy in 2007 into China, the world's economic genius of Chinese stock and property markets in the discussion, one group said that the bubble is too big and those who say that China is rewriting the world economy, the potential is far yet to play out.
Unfortunately, not rewrite the complete world economy,Provide comprehensive [link widoczny dla zalogowanych], the U.S. side of the sub-prime bubble was broken. China's stock market into 2008,Provide comprehensive [link widoczny dla zalogowanych], a drop of nearly one-third. I remember back in September 2007, Changchun holiday, met my mother, an old colleague. When the life of a 75-year-old accountant old man, became China's first generation \He put all the newspaper reports of the funds cut with scissors, nail into the book three teenagers, was kind enough to have learned to draw the chart in the graph paper. He put all the spare cash to buy a house fund. I asked him to buy stocks is now too risky? The old man said he was not buying stocks, the fund, the fund is managed by financial professionals, the strongest anti-risk ability comprehensive investment tool. He just bought a QDII is to take the bank to buy back door before,Provide comprehensive [link widoczny dla zalogowanych], and now less than a month to earn a 5%. Mother called and told me after the Spring Festival: the old man put into the fund of 20 million, only 10 million, now that some mentally ill. Need for disease treatment his wife, he is clutching his not for sale to the bank management people for money all day. See Who is Who: The fund manager is a liar.
Postscript
I was born in 1955, and these are my personal experience of living and now the economic bubble. In fact, all the economist knows that the bubble in human history abound, such as: gold 19th century South Sea Bubble, Dutch tulip stock bubble, the early 20th century U.S. railroad bubble, the bubble ship, mergers and acquisitions and leveraged junk bond bubble ... ...
I wonder: how human beings have not learned that smart? Although each has a shadow of the past a bubble, but people were still making the same mistakes again and again. Nobel Prize in Economics there soon be a century, so many witty head got this award; the computer in the sky in a million, you can calculate your keys hidden at home under the first few bricks; humans can sheep into people,Provide comprehensive [link widoczny dla zalogowanych], turning people into sheep, and how humans are so similar that they can not avoid the bubble?
Story of some of the bubble in history we are often bizarre. For example, in the British South Sea Bubble, a liar,Provide comprehensive [link widoczny dla zalogowanych], a registered investment company called the South China Sea, in his prospectus wrote, \can not be revealed. \The next day, when he opened the door to run the company, the outside full of checks sent to his investors. On the third day, the crooks take the money and disappeared.
I believe our children and grandchildren, read today Hangxiao Steel (8.29,0.13,1.59%), this story would surely be laughing, but they still can not avoid being a laughing stock of the fate of their offspring.
I think the \Like BC, the European ethnic massacres between the Jewish concentration camps in World War II are still staged, the emperor of the Burning of the Books in the \
Why?
Because people are people, human beings are by each generation consisting of you and me. Although our parents would warn us not to play with fire, the fire will be hot! But what people do not have to be very hot before? ! Were only to be ironed before they mature; people mature, that is the time to leave the stage; stage is always a new generation of people playing with fire place; each generation only from his own experience growing up; every generation should create their broken foam and experience it.
This is what Hegel said: The only history can give us learn from history is that we can not get any reference.
Some people might say: the economic bubble in the loss to the general public do not understand the economy, the economic elite field of professional economists, bankers, fund managers ... ... they are earlier than the average person should be able to know the bubble, thereby more to avoid losses. But a large number of statistical studies have shown: the elite as a whole, they predict the level of the bubble is not stronger than people, because they average earnings in the stock market investors with the public, they only earn more than ordinary shareholders only fee.
No wonder Alan Greenspan honest one to say: \\