Many investors are financing their stock purchases using strategies that allow for more leverage than brokerage financing. Photo: AFP Many investors are financing their stock purchases using strategies that allow for more leverage than brokerage financing. Photo: AFP
Many investors are financing their stock purchases using strategies that allow for more leverage than brokerage financing. Photo: AFP

The pros and cons of China's irrational exuberance

Creating a stock bubble to prevent a run on the yuan and deflate its credit bubble may result in China exacerbating the latter by stealth

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Many investors are financing their stock purchases using strategies that allow for more leverage than brokerage financing. Photo: AFP Many investors are financing their stock purchases using strategies that allow for more leverage than brokerage financing. Photo: AFP
Many investors are financing their stock purchases using strategies that allow for more leverage than brokerage financing. Photo: AFP
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