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Assertion:
China's purchase of a stake in Blackstone combines some economic "bubbles."
In reference to: "Blackstone + China = Marriage of Two Bubbles" by William Pesek
Essay and/or background: Over at Bloomberg, William Pesek observes that China's purchase of a stake in the large private equity firm Blackstone Group combines two hot trends: the emergence of China as a global economic giant and the increasing importance of private equity firms. China has a lot of foreign capital reserves and its stock market is thought by some to have become overpriced. Also, leveraged buyouts have been increasing greatly, perhaps too much so.
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To report it, login first.May 22 2007
nobody1
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China's purchase of a stake in Blackstone combines some economic "bubbles."