Ben Davies: Another BRIC in the wall

China's stock market became a gigantic and astonishing bubble arising from Chinese culture's obsession with gambling and the Communist government's belief that it could inflate and control a market system indefinitely, but the bubble now is deflating anyway, Hinde Capital's Ben Davies writes in the London investment firm's latest letter.

Davies concludes that in the end markets East and West are bigger than governments, which only think themselves omniscient. Davies well may be right, but of course the determinant of being right is always timing. What is the maximum age today for those who aspire to witness the victory of markets over totalitarian and corrupt governments East and West and their "financial repression"?

Davies' new letter is headlined "Another BRIC in the Wall" and it's posted at the Hindesight Letters Internet site here --

https://www.hindesightletters.com/blog/anothe...all-ben-davies/

-- where you can read the introduction in the clear and then the whole letter if you supply your e-mail address.