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How A Chinese Farmer Lost More Than Everything Trading Stocks
Last night, just six weeks after one Chinese farmer Liu Jianguo invested his life savings in the Chinese market, proclaiming "it's a lot easier making money from stocks than farm work," we wondered if it was time for a sequel: A few hours later we find out that it was because as CNBC reported in its sequel, another farmer has lost it all... and more. As CNBC's Eunice Yoon reports, just a few weeks after his glorious gamble in China's manipulated market, the farmer "trader "now owes - thanks to wonders of margin calls and leverage - as much as he originally invested. From the hope-filled exuberance of early June to ... (full story)
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- Jul 28, 2015 11:35pm Jul 28, 2015 11:35pm
- TheTopBloke
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perhaps my English is not perfect - but I know the Jungle
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