Golden Rock market will trot

 Golden Rock: The stock market will be transferred from paper
trot, Golden Rock, chief economist at the Securities Institute has proposed a total growth with the foam. In his view, do not worry about next year's macro policies, the stock market will also trot. Investors will meet the asset inflation of the feast.
China Securities News: The IFC index of securities trading range for next year given is 2700 points m4000 points. you optimistic about the next market up?
Golden Rock: very optimistic, because I am not so pessimistic as others see. First, I the second wave of financial tsunami that basically does not exist. Second, some people worry that inflation next year, this year we are not worried. Third, some people feared that the policy changed, that I'm not worried. We generally give a range, 2700 to 4000, may be conservative. We are listed on the 1000 valuation of the company's dynamic range is given a more clear that fell down, but 2700 points, up 4,000 points up, however. The stock market will trot all the way from now on, the middle may be amendment, the amendment may range will be more than 20%.
China Securities Journal: Investors are generally concerned about the current policy of withdrawal on the Chinese economy and capital markets, why do not you worry about?
Golden Rock: Our 4 trillion two-year investment plan is now just the implementation of a year,UGG bailey button, so the tone for next year's policy will not change materially. China is in the past by the Government to promote this time. Now we are worried that the government can pocket the money to support . The Government does not rely entirely on this train finance,cheap UGG boots, monetary policy can in fact be through regulation, to form a model: high currency, high government investment, the pursuit of high growth and reduce high unemployment, but also paid a high price. property sales-GDP ratio will be high this year, which means the ratio of GDP and housing sales will exceed 15%.
July this year, China's currency than the dollar as the currency of the country's largest, reflecting the underlying characteristics of China's economic growth: economic growth, we all know the more than 80% by the government, over 80% of the investment-driven by government investment, government investment in the currency driven by more than 80%. In the case of monetary policy has been formed under the mode of economic development driven by such, the currency has been issued it back. If back to these currencies to quit but just reverse the policy.
China Securities Journal: The future expansion of the asset bubble will continue to do?
Golden Rock: We are the next asset bubble should re-definition of what an asset bubble? is based on the formation of expectations and trading liquidity premium. liquidity premium,Discount UGG boots, we can see it as a bubble, because it has a high degree of uncertainty, but it and we go hand. such as is now 90 % of wealth is the risk of wealth, on the one hand wages from the real economy, on the one hand from the virtual wealth. liquidity premium in the real economy and monetary levers pivot is supported by growth in the hypergeometric form.
China Securities News: Do you think that wealth growth is sustainable?
Golden Rock: Urbanization is the core of the growth of wealth, I have said before, we are likely to stand at a starting point for the Japanese super-bubble: the 2009 January prices,bailey UGG boots, prices at least double the Shanghai and Shenzhen, Shanghai, 30 million have high price / square meters of luxury. Urbanization layout will perform central cities, 20% dispersed in small towns.
as long as China's economy is inseparable from investment-driven development model, as long as the driver can not do without government investment, we can not do without money-driven, which means we can not send to the money and then take it back. Therefore, the flow of future population and currency flows, which determine the two flow direction of China's future development.