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Hmmm. Part of the reason I don't tend to buy P&Ds-ruin-our-lives arguments is because they usually seem to come back to regulate-all-the-things arguments. Not saying they don't occur, just that evidence tends to play second fiddle to solutions (of a regulatory nature). Anyway, if the latest rise was indeed a P&D it was an exceptional one, and kudos to the players behind it.
Hmmm. Part of the reason I don't tend to buy P&Ds-ruin-our-lives arguments is because they make me question my 'deregulate-all-things' dogma.
The market has nothing to do with financing business projects, it's just another way to gamble/lose money (see the
ponzi and
rape sections of this forum), so there's nothing wrong with P&D. Serves those idiots who chose to trade on unregulated markets right -- Nature's way of eliminating the weak and the feeble-minded.
It's all good.
You should give up on the dogma. Hard evidence is the solution, not blindly following dogma. Even if you're simply mindlessly channeling a troll.
Edit: no, you're right. I should devote time and energy to persuading the government and regulatory authorities of the PRC that they should regulate against speculation in a nationally tiny market in order to protect some anonymous guy on the internet who's told me via the medium of sarcasm that they're really keen on regulating this nationally tiny market. I just bet the PRC will jump right to it.
