"It will not be too bad this year. Both China and America are addressing bubbles by creating more bubbles and we're just taking advantage of that. So we can't lose,"It is very surprising to hear that the man in charge of investing the wealth of the world's largest country sounds like a day trading punter. Is it me or should he get fired for this statement? It seems that Mr. Jiwei is drinking the kool aid that the investment bankers sold him and buying whatever garbage they throw at him.
-Lou Jiwei, the chairman of China's $298 billion sovereign wealth fund from Reuters
China Investment Corp. Chairman Lou Jiwei, speaking on the sidelines of an economics conference in Beijing on Saturday, said investment in CIC's global portfolio for "one month this year equaled that of the whole last year." He didn't clarify whether he was referring to a specific month or an average.I guess we know who has been buying lately. I suspect they are done buying for now, otherwise he would not be broadcasting his intentions. However, judging by what comes out of his mouth its a bit of a wildcard.
-from the Wall Street Journal