• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

American Superconducter Plummets After Announcement Of Order Cancellation To Biggest Chinese Customer Due To Overinventory

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Tue, 04/05/2011 - 16:45 | 1138494 pendragon
pendragon's picture

bring on the bear....

Tue, 04/05/2011 - 16:58 | 1138553 depression
depression's picture

Deflation Bitchez !!

Bernank + 1 FTW

Tue, 04/05/2011 - 17:09 | 1138588 Highrev
Highrev's picture

This is a good "shit just got real" moment.

Tue, 04/05/2011 - 17:12 | 1138598 SheepDog-One
SheepDog-One's picture

'Deflation' in bubble stocks anyway.

Tue, 04/05/2011 - 17:24 | 1138646 covert
covert's picture

strange contradiction here: is there excesess inventory or a job shortage?

http://covert2.wordpress.com

 

Tue, 04/05/2011 - 20:07 | 1139199 bankonzhongguo
bankonzhongguo's picture

I hope those contracts stipulate a US or Singapore venue.

Tue, 04/05/2011 - 20:51 | 1139309 Mad Max
Mad Max's picture

Even if they do, how do you collect?

Tue, 04/05/2011 - 16:46 | 1138501 Nedly66
Nedly66's picture

umm sue them??

Tue, 04/05/2011 - 16:52 | 1138522 tmosley
tmosley's picture

Good luck with that, Round Eye.

Tue, 04/05/2011 - 16:53 | 1138533 Id fight Gandhi
Id fight Gandhi's picture

Ha ha good ruck!

Tue, 04/05/2011 - 16:56 | 1138545 Id fight Gandhi
Id fight Gandhi's picture

China don't play by the rules!

Tue, 04/05/2011 - 17:11 | 1138592 Sudden Debt
Sudden Debt's picture

THEY SHOULD GO ALL FACEBOOK ON THEM!!!

TWITTER THEM TO DEATH!!!

 

Tue, 04/05/2011 - 21:00 | 1139335 Hephasteus
Hephasteus's picture

Send in the spalding smailes artificial stupidity botnet.

I still want to constantly say dirty stinky jew. Just to fire off all those israli bots and make them waste electricity while everybody is rioting around them.

Tue, 04/05/2011 - 17:53 | 1138738 spartan117
spartan117's picture

maybe trade the goods for some of them FRNs

Tue, 04/05/2011 - 19:37 | 1139095 Chuck Walla
Chuck Walla's picture

Rotsa Ruck, Yankee Fuck!

Tue, 04/05/2011 - 16:45 | 1138504 Bold Eagle
Bold Eagle's picture

Here goes the inventory component of the US GDP

Tue, 04/05/2011 - 16:58 | 1138558 Cash_is_Trash
Cash_is_Trash's picture

One day the explanation won't be overinventory but "lack of credibility in the USD".

USD = No Store of Value

Tue, 04/05/2011 - 16:48 | 1138509 jkruffin
jkruffin's picture

WOW, this is exactly the type of morons investing in over-bloated stocks....Goldman just licked their chops.   This is an after hours post on AMSC on the dumbass Yahoo board.  I mean people who have no clue are investing, not just no clue, but no F**KING CLUE.

2-1 split after the bell. congrats

 

 

ROFLMFAO!!!!!!!!!!!!!!!!!!!!!!!!   HAHAHAHA!!!

 

Tue, 04/05/2011 - 16:53 | 1138521 rocker
rocker's picture

Jim Cramer gave a 15 minute speech on this when it gapped up to $29.00 plus.  Who buys gap ups?  I sell them if I have it.

This is just too funny. Wonder if he will talk about it later.    $13.77 now, and it will go lower.

Tue, 04/05/2011 - 17:17 | 1138617 Sudden Debt
Sudden Debt's picture

superconductors aren't death stocks. They are quite valuable and will also keep rising in price.

Once the Chinese realize they can sell them to another party, they'll make a nice profit on it.

Below 12$, it's a buy.

Not that I'm buying them, 95% of my assets are in PM's :)

But if you like the dogtrack, you can make money on this one to.

Wed, 04/06/2011 - 01:56 | 1139886 gorillaonyourback
gorillaonyourback's picture

where is the data backing your opinion, i am from missouri so please if you have data post it.  please dont waste my time responding to your post, as of now your are just a retard poster prove me wrong, please.

Wed, 04/06/2011 - 05:05 | 1140006 Sudden Debt
Sudden Debt's picture

Only idiots can counter a thought with insults.

1. I proved you're a idiot.

And what does Missouri have to do with this? Is it a warning to me that you're a swam hillbilly?

Please explain.

Tue, 04/05/2011 - 17:16 | 1138620 plocequ1
plocequ1's picture

Who is Jim Cramer?

Tue, 04/05/2011 - 17:33 | 1138665 Sudden Debt
Sudden Debt's picture

Head of the US FINANCIAL LEMMINGS DEPARTMENT on Boob TV

Tue, 04/05/2011 - 18:15 | 1138833 Ancona
Ancona's picture

"Who is Jim Cramer"?

I think he's the guy on Seinfeld, you know, the goofy fucker with crazy hair that never knocks befoire he barges in.

Tue, 04/05/2011 - 19:39 | 1139101 Chuck Walla
Chuck Walla's picture

Jim got his pals out so what does it matter to him?

Tue, 04/05/2011 - 16:53 | 1138526 jkruffin
jkruffin's picture

Anymore of these gem companies supplying china out there to short before the whammies?

Tue, 04/05/2011 - 16:55 | 1138531 Peterpaul
Peterpaul's picture

they did this with the Brazilian soy bean imports a few years back - bankrupted some exporters, IIRC. The government found problems with the shipments, held them at the border, and sent them back.

 

At least now they dispense with the formalities. We ain't taking it! Whachou goin' do 'bout it?

Tue, 04/05/2011 - 17:07 | 1138587 Mad Max
Mad Max's picture

Whachou goin' do 'bout it?

Nuke em.  They wanna play by big boy rules, we can play by big boy rules.  Long history in east/west trade, you know.

Tue, 04/05/2011 - 19:44 | 1139120 Seer
Seer's picture

Are you suffering from the delusion that the US plays fairly?  Fucking hilarious!

Yeah, nuke 'em and watch the US crash instantly: wipe out those who are propping you up, talk about biting the hand that feeds you.

Better luck next time, Dr. Strange Love...

Tue, 04/05/2011 - 20:51 | 1139308 Mad Max
Mad Max's picture

Are you suffering from the delusion that the US plays fairly?

Did you even read my comment?  It's quite the opposite of "playing fairly."

Tue, 04/05/2011 - 16:58 | 1138559 topcallingtroll
topcallingtroll's picture

Maybe hyperinflationistas need to revise their opinions!

China is about to crash. I will just love rubbing it into the america haters on this site who seem to think china and the yuan are inevitably going to dominate the united states.

Anyone in the market for a ghost city? I hear the chinese may have a few. New and never used.

Tue, 04/05/2011 - 17:12 | 1138599 Cursive
Cursive's picture

It will be so obvious in hindsight, but right up until the end we're going to hear BTFD.

Tue, 04/05/2011 - 18:21 | 1138863 MachoMan
MachoMan's picture

So, btfd in dollars?

Tue, 04/05/2011 - 19:58 | 1139164 Seer
Seer's picture

" I will just love rubbing it into the america haters on this site who seem to think china and the yuan are inevitably going to dominate the united states."

And if you think that all "america haters' believe this then you're a stupid fuck.

Being the myopic fuck that you are you'd label me an "america hater."  I am, after all, anti-empire: but mindless robots aren't programmed to understand the differences.  I have NEVER championed China; I have always pointed out that China is running headlong into a collapse, and this will likewise collapse the US.

Take youre broad brush and shove it up your ass.

Please note that I speak harshly just to get your attention.  If you don't get it then too fucking bad, it means that you really are a dumb fuck...

BIG = FAIL

Tue, 04/05/2011 - 20:17 | 1139229 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Amen Seer! China is way bigger trouble than the US (which is still hosed).

Wed, 04/06/2011 - 04:55 | 1139998 StychoKiller
StychoKiller's picture

My crystal ball sees Tokyo residents migrating to those "Ghost In the Shell" cities...

Tue, 04/05/2011 - 16:58 | 1138560 A Man without Q...
A Man without Qualities's picture

What they means is we copied the models you sent before (and thanks for the initial discount), so now we can make our own....

Tue, 04/05/2011 - 19:05 | 1138985 ExpendableOne
ExpendableOne's picture

That be it.  Just ask the Russian defence industry how this works.

Tue, 04/05/2011 - 17:00 | 1138561 3.7.77
3.7.77's picture

China doesn't care, wait until they say FU USA.

Tue, 04/05/2011 - 19:34 | 1139082 disabledvet
disabledvet's picture

they did pretty good in 2008 although interestingly it involved not devaluing their currency thus causing an immediate flight to the USD and the annihilation of Europe.  I'm unclear if "that was the plan" even now.  Anywho...with nukers blowing up i imagine "they had to do something to stop this rampaging American beast-man of alternative energy." 

Tue, 04/05/2011 - 17:01 | 1138562 Elk peanus
Elk peanus's picture

my 2009 brokerage statement is littered with corpses of expired AMSC puts.  BTFD, anyone?

Tue, 04/05/2011 - 17:08 | 1138573 depression
depression's picture

BTFD not this tiem coz QE-3 ain't coming guize

Japan criticality + China implosion gonna suck everything and everyone into a black hole with them

Good news for the dolla tho

Tue, 04/05/2011 - 17:01 | 1138566 DoChenRollingBearing
DoChenRollingBearing's picture

Mish and Pettis have been all over China's current implosion.

China will not take over the world!   They always mess up when they are on the verge of greatness.  Communist Dynasty will be the same aas the others...

Tue, 04/05/2011 - 20:07 | 1139192 Seer
Seer's picture

Everything BIG will fail.  The reason BIG will fail more spectacularly is because its increases in consumption are much bigger.  China's collpase was easy to spot, that double-digit growth was going to burn itself out in short order: anyone/any system doing the same would meet the same consequences.

I'd argue that they "are on the verge of greatness."  People confuse greatness with the speed at which a society is rushing toward the abyss.  "Spectacular," perhaps, but "greatness" isn't a word that I'd think is meaningful in this context.

Tue, 04/05/2011 - 20:06 | 1139197 Bleeping Fed
Bleeping Fed's picture

When were they on the verge of greatness?

Tue, 04/05/2011 - 17:04 | 1138577 vote_libertaria...
vote_libertarian_party's picture

What does this say about GE.  They are big in this area aren't they?

Tue, 04/05/2011 - 17:14 | 1138611 Cursive
Cursive's picture

Obama and Congress will find dome way, war of otherwise, to line GE's pocket.

Tue, 04/05/2011 - 20:20 | 1139236 Seer
Seer's picture

Junked?  I'd like to know why...

But, perhaps it's the other way round, perhaps GE will find some way of getting the politicians to help do their bidding?  That's how Boeing gets its airplanes sold: via international "diplomacy."

Tue, 04/05/2011 - 17:08 | 1138585 Mad Max
Mad Max's picture

I think we need to go search for WMDs in China, what with this and the daily stock exchange blowups of apparently pure-fraud Chinese companies...

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