So there's this US stock market TV show hosted by a fellow named Jim Cramer. I've never actually seen it, since I live in China, but I'm not that keen anyway on watching a bunch of traders and analysts tell each other what stocks to buy. Pardon the graphic language, but I think "circle jerk" might be an appropriate term for that sort of television programming.
I've long suspected that these guys are not only completely corrupt (conflict of interest problems stemming from the needs of their financial services advertisers) but are also completely clueless once you get a block or two away from Wall St.
Jim Cramer's show this week included some sage advice on what US companies are doing in China and how it relates to the PRC's stimulus plan:
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Read the rest of Jim Cramer — China Foreign Investment Expert
© Stan for China Hearsay, 2009. |
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