The Bubble that Won't Go Away....

So the mainland stock markets have bounced back, already regaining much of the loss induced by the tripling of stamp duty. In fact it's getting worse.... the number of new accounts being opened each day has increased to over 400,000, from the 300,000 average so far this year!

It's time for more draconian measures, like a capital gains tax.

Some related links here and here.