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Artist's Impression Of China's Soft Landing
The following clip seemed to sum up perfectly just what The PBOC is attempting to do (and just exactly how it will end). With Chinese equities entirely decoupled from any sense of fundamentals, elementary-school-educated people piling their life savings into a market that is up 100% YoY amid the worst economic conditions in a decade or more, and margin trading that is surging (and now being probed - as Reuters reports, PBOC Shanghai has asked banks to check margin trading risks); how could anything go wrong?
There's this... fun-durr-mentals...
Which was followed by this tonight (from Reuters)
The Shanghai branch of China's central bank has ordered commercial lenders to check for risks in their margin trading business, according to a memo obtained by Reuters.
The move comes after margin trading soared among brokerages, prompting regulators to clamp down on risky behaviour earlier this year.
The People's Bank of China (PBOC) ordered commercial banks to provide their margin trading accounts and a list of connected wealth management products (WMP), according to the document and two sources with direct knowledge. This was supposed to have been completed by the end of March.
As China's economy faces its slowest growth for a quarter-century this year, the country's banks made 1.18 trillion yuan worth of new loans in March, beating expectations as authorities ramped up efforts to dampen the impact of sluggish expansion.
In the second half of 2014, margin trading increased rapidly in Shanghai and Shenzhen, with data showing that banks are one of the main sources of margin finance funding, according to the memo. As a result, there was a need to ensure the business is transparent and control risks, it added.
The PBOC asked commercial banks to report risks and the measures that they will adopt to handle them.
Which made us think of this... So close and yet so far
"We got this... oh wait a minute... oops"
* * *
Deja Vu all over again?
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Is the chat down?
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
I'm making $30k a month as a whore. Jam your $7k up your ass.
Anyone know how to perform a denial of service of this piece of shit website
They should nail it to a long board first.
please stop posting links to your bullshit website. What are you a piece of shit NSA employee?
I, for one, find it fucking impressive that Spacex found a postage stamp in the middle of the ocean and damn near landed on it.
Eventually, they're going to find out how to do it and it will become routine and unremarkable.
Chemical rockets have been being built since before your grandfather's time. WTF is so impressive about 100 year old technology? And do you really think putting a few tons of explosives inside a narrow tube will ever be safe? I suggest you ask NASA how that goes.
It looks impressive.
They learned it from "the best", so what's the problem ?
Buying on margin? does China have circuit breakers like here in the U.S?
very willing to go short, but how can one time a short in parabolic markets?
Take my word for it, it's not worth it. I tried it in the silver market when it went parabolic. I shorted silver futures and lost a shit load. Markets can remain insane a lot longer than you can remain solvent.
Best to nibble but keep dry powder in case you nibbled early. I think China is at the point of froth so I grabbed some YANG today. If PBoC tosses out stimulus their market could go higher, but the I don't see them throwing gas on the fire.
Movements in US $.
I've sung the rock on it.
US / EU indicators include transactions in US $ / Euro.
They forget that other currencies are exchanged between China, Russia, Brazil, India etc. .
A China decreased by $ is not necessarily on the floor a drop in the Chinese economy.
hehe.
Hahahahaha hahaha
Yang is cheap enough for a nibble even if it ain't the bottom of getting my yang on to go with all my other goodies so many yummies in my rattlesnake portfolio...
But I'm still sure China can do some big time parabolas a chine markets never go down u know (wink wink) on how low u can go estimates in fudged gains.... Still got more stimulus right and got printing and everyone to get on 39X margins and have they started the high priced merging for too big to fail good shorts if the markets haven't merged with dark matter in Kiki's world where numbers don't matter in all the pretend in her good news is bad news gov get more money evil voodoo dollhouse of passion assassins lover pâténted endless echoing hole to hell as entertainment in ur two way mirror glass box they keep u in slave economy for the dicklick beltway.
Yang is cheap so what it goes to three or two for more nibbling...
Tim Seymour had a call today to sell FXI - the China 25 ETF
Maybe get long term tax rates.... Might not be the low but long term tax rates for first might not be the high nibble sells for some cash
Um bom financiamento:
http://www.calculador.com.br/calculo/financiamento-price
:-)
And if the tidal waves set in place as the black swans begin to matter in selective distortion so far double standards and the parabola corrects earlier than come in a chinese parabola can get bigger than that because if anyone know parabolas it's s the chinese then it is also considered and insurance don't let it get away from u purchase which otherwise is a lovely long term for a way before the top nibble sale for some extra cash before the fruit has ripened.
Not bad. I can't do that.
This state of affairs is easy to figure out.
The property boom in China died as that bubble is dead. Not being any action there anymore, the gamblers moved out of properties and into the last remaining casino--- The Stock Market.
I recently took a 1000 mile road trip inside China. Construction and sales are still going gangbusters in every city. Don't believe articles written by people who haven't spent a lot of time in China.
They have learned many lessons from the west. And now, when the bankers crash the markets, the Chinese people will go back to being slaves who are dependent on the government and business cronies.
Independent wealth is not allowed... only captive, crony wealth.
"Worst economic conditions in a decade". What a crock.
Ask anybody, peasant, middle class, or rich...Are you better off than you were a year ago? Are you better off than you were ten years ago?
In China you get a resounding Yes!
Try that in America.