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Chinese Stocks Overtake US As Most Actively Traded Futures Contract In The World
Having lost its mantle as largest economy in the world to China... and world's biggest oil importer (again to China), 'exceptional' USA appears to have just lost its Number 1 status in financial market depth to China also...
China's Financial Futures Exchange CSI-300 futures contract has now traded more on average than the massively liquid S&P 500 e-mini contract for the last month...
Of course, with millions of new retail trading accounts every week in China, we suspect this 'false dawn' of activity will not be quite as exuberant as we have seen for 6 months.
Charts: Bloomberg
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Lets be fair.. there are a couple billion of them.
So a billion non-educated Chinese stock traders is now a good thing?
I guess ZH is not a bastion of consistency.
Fucking WS traders barely have HS diplomas bruh!
so I guess you need to be educated to make money in these shitty rigged market ... you have to laugh . Crash coming .
where can one trade this ib or trade station or...... ?
Once you lose the status of largest economy in the world to China, it's a matter of time before you lose every related economic and financial activity stats to China.
The US government has been a sub-third-world caliber corrupt entity for decades. Time for Americans to pay the price. In a (phony or real) "democracy", the people always get the government they deserve.
US GDP per capita - $54,600
Chinese GDP per capita - $13,000
Care to rethink your stuoidity?
Only a complete moron would believe that US per capita GPD is anywhere close to $54,600 (or even $40,000).
Worse, it's non sequitur even if it were true.
Please reflect on your stupidity (notice the spelling), whether you like it or not.
The Difference between IGNORANCE and STUPIDITY is that the former can be Cured by APPLICATION and DISCIPLINE; the latter is a Condition, Rarely Cured.
Only 44% of working age adults actually work full time in America. That doesn't really add up to the GDP per capita. The number is hugely skewed towards the wealthy or is an outright lie.
Do you live in America? I do. I think you do. Even a cursory view across this countries infrastructre compared to the ghost cities of China should give you a clue as to what is really happening.
"Nuff Said".
Need to start with the size of the commercial paper market and go from there.
"E-mini" traders couldn't last a millisecond inside that thing.
Add the mortgage backed security market, collateralized debt obligations, re-insurance and most importantly plain old cash monies and there simply is no comparison to the dollar.
Every year is getting shorter never seem to find the time.
Plans that either come to naught or half a page of scribbled lines
Hanging on in quiet desperation is the English way
The time is gone, the song is over,
Thought I'd something more to say....
D Gilmore
lol the dollar
No comparison to the faith based currency?
K yeah because everyone has gold in their back pocket, they can go dig it out of the ground for $5, and also nobody wants it.
lolz the dollar
There are a couple of crowns I'm happy to pass to China--
1) Number 1 polluter. All yours, baby.
2) Number 1 oil importer. Good luck with that, Jackson.
Number 1 economy? Survey says: Bzzzzt. EU = #1, US = #2, China = #3.
Number 1 in futures contracts? Wait a couple of months and they'll also be #1 in involuntary account liquidations.
If ever the day comes when China truly is Numero Uno, it won't need to squeal about every data point by way of proof.
Bunch of shitty economies compared to each other doesn't make one good.
It's called globalization. Everyone is being summoned up to the same fiery altar of destruction and collapse.
Afterwards, we'll know a lot more about who the contenders really are.
EU isnt a country douchebag . US is 3rd most polluted country despite shifting their manufacturing base .
I'm short fxi through a risk reversal. Short call spread long call ratio. Want to learn how? Check out OptionHunt.com
Have fun living in the Matrix. Say hi to the lady in the red dress for me.
Money isn't everything. I'll settle for Sofia Vergara's phone number.
because bullish
Zerohedge continues to plummet in accuracy, meaningfulness, and relevance.
Please use examples for your opinions. That way I can think of an argument. Otherwise you look like a blabbering idiot with no merit behind your idea. And we don't want that here.
Chinese trader: 1) see what US market does, 2) bet in same direction. 3) close positions at session end 4) repeat
Oh, to be Chinese. I bet it's a utopia over there.
Race to the bottom.