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China Must Be Getting Really Nervous To Do This
One of the most stunning data points of the ponzi bubble called Chinese Stock Markets has been the greater-than-exponential rise in the opening of new retail stock trading accounts in the last few months. If ever there was a better indicator of speculative excess or a government policy out of control, it was the pace of new account openings. So... when we discover that after 8 years of weekly data provision, China Securities Depository & Clearing (CDSC) Corp has decided to discontinue the time series - it is clear China is getting very worried.
"Discontinued" - in a very McDonalds-monthly-sales-esque manner, China appears to have decided opacity is the better part of valor.
The Source of the data is CDSC's Weekly Statistics...
Week of 5/29 was the last update...
Nothing since...
And this is a series updated on the Friday US session after China's Friday Session is closed (with no lag)... so there has been 3 weeks with no data since the open accounts spiked to 4.3 million in one week...
Just what is China trying to hide?
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The Sgt Schultz method of denial.
<I see nothing, I hear nothing, I know nothing.>
Sum Ting Wong ... or translated.....its on like donkey kong
Bang Ding Ow
The herd charging in right before the bottom drops out.
Oh… they’re just on their
summer holidays !
(or is it winter holidays?…)
Wei Bei Fuk
But but but...China buys all that gold, right? And they build cool islands with hot chicks in the South China Sea! So they can do no harm in the eyes of the ignorant Americans (*) here who idolize totalitarian regimes, right?
I've told you guys before and I've harvested millions of fiat red kudos for it (haha), but the Chinese can only do one fucking thing: COPY THE WEST!
From Louis Vuitton bags to housing bubbles, stock bubbles, accumulating $3T in fiat FOREX reserves, manipulating growth data, a fraudulent and totally opaque banking sector you name it. Anything the Western world does, invents or produces, the Chinese copy.
So what if they suddenly got religion and apparently (!) are buying some gold? They are buying it about one decade too late, as they should have bought it in the early 2000's instead of accumulating $3T in FOREX.
Forget about the Chinese coming to your rescue and setting up a gold backed RMB because THEY WON'T! They'll just try to copy the Western Central Bank FIAT currency Game, and try their best to dominate that. The gold is just leverage in order to try to muscle into the IMF's SDR game, and it's not there to make frustrated and wishful thinking ZH commentators rich.
Once they're in The Game and they feel confident enough to dictate the rules, they'll quietly put their gold in a big Fort Knox style safe and when they get arrogant enough they'll quietly sell it to the next fool, thinking that they are untouchable. Just like England did and just like the US did...
(*) Ignorant Americans: http://www.zerohedge.com/news/2015-06-20/world-according-americans
They are all here.
Sometimes the faces change, but they are always all here.
(my favorite Schultz)
Funny growing up in the Midwest. One of my Dad's best friends was named Schultz.
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.earnmore9.com
"Exponential rise in retail trading accounts"- that was to keep money in the country and away from Sydney and Vancouver real estate.
One could only hope.
My son can no longer afford a house in Sydney.
Tell him to commute from the Blue Mountains.
Falconbridge is lovely, cheap, and "only" an hour and a half by train lol.
Mind you, driving into Sydney from almost anywhere is going to take an hour or more.
Sydney sucks major ass.
Suddenly the protocols are making more sense.... They plan to make the elite look like complete STOOGES!!!!
We don't need no stinkin' data points.
" Numbers make my head hurt. "
Too many newbies betting with the rise and fall of new newbies. Amplified oscillator has to hit the solid boundary before the infinite one.
'Just what is China trying to hide?'
China is trying to hide it's incompetence in things financial. No surprise though, their bag of tricks did come from the FED.
They've got a long-term plan here. Everyone knows that the Chinese government is all-powerful and all-knowing. We just don't think in terms of millions of years like they do.
Haha! Yeah, their army is poised to destroy the west, with a little help from Putin.
Just ask the smart people on the internet lol.
Bad news for China. "On a long enough timeline..."
As far as I know, any asshole can also Short the mutherfucker easily in China. How do we know all those players only long?
How do you say Jesse Livermore in Chinese?
http://www.theworldofchinese.com/wp-content/gallery/chinglish-menu/ching...
Didn't the Feds do something like this with the M3 back in 2006?
http://inflationdata.com/articles/2006/03/16/goodbye-m3-what-is-the-gove...
What China is trying to hide is that the Chinese nation almost to a person is a serial gambler. You could make a fortune over there with a gamblers annonymous franchise. It's a unique culture thingy. They love to gamble.
so the chinese be the hutt, and not in a galaxy far far away, and not so long ago.
If you put two chickens in a hole and let them kill each other, Chinese will bet on which one dies last.
Exactly JLM, the world's largest lemming nation ...why they're so good at copies-knockoffs
But Pluto has entered the natal Chinese 2nd House (just like USA); watch out or you'll be collateral damage
They need the ink for printing fiat.
Hiding the crash in new accounts due to margin call blowouts?
Gotta be something like this, data scaring people that there are no more greater fools coming down the pike on turnip trucks. They realise it's they who are holding the bag of turnips.
Actually, I should apologise to vegetation. I do believe a bag of turnips would hold its value better.
… a bag emptied of turnips would hold its value better!
the old empty turnip sack syndrome
Really should apologise to turnips - they are smarter than Sheeple. I was one (a Sheeple, not a turnip; I should be so lucky) before 2008.
To misquote Obiwan (1977 - just 40 years ago (rounding up)):
"I felt a great disturbance in the Fiat, as if millions of certificates suddenly cried out in terror, and were suddenly bankrupt. I fear something terrible has happened."
They keep better in a basket, than in a bag.
they keep best, in a big pile
covered by dirt...
old school
If they are giving money away through the stock markets to people that will in turn purchase world assets inside and outside of China then it may be that certain white bankers that are also printing to take over the world would want to know about that.
The older Chinese men are more worried about their pretty gals marrying foreigners then anything else esp since there's a shortage of them ... for many reasons.
So, this choice to discontinue the release of data is a sign that something is probably terribly wrong here.
Seems kind of like the U.S. no longer issuing the M3 stat after 2006. It's not as though there was an impending crash at that time or anything.
And it's kind of like the LBMA stopping the release of the silver forward offered rate or SIFO, which indicated how tight the silver market is, back in 2012 or the gold forward offered rate, GOFO, after January 30 this year.
We should look at our own astoundingly corrupt affairs before thinking this is somehow only a chinese phenomenon.
They will be taking advice from shoe-shine boys next.
Run out of new retail accounts already? I think there are a few more fools to scalp before it's all over - apologies for the generalization, but as we all know, they love to gamble. BTW, unless someone can point out my error, it's not technically a ponzi bubble but tulip mania the chinese market is undergoing. You don't need inaccurate hyperbole when the reality is much worse.
With western fund management piling in on top of the tulip mania, I think this thing has more momentum for awhile yet. If I had the spare change and the stupid inclination to take unnecessary risks, I'd probably be joining the fund managers, banana sellers, grannies and shoeshine boys right now. :)
Each person opens many different accounts, just like big time trolls.
Open a new account at Chongtrade, and get a free toaster!
China is turning Japanese even faster than the Japanese did.
They seem intent on copying everything American, including thw crash.
The west should welcone it. The advantage built up by years of factory serfdom of half the population serving the animal farm new pig kleptocrat families of the .00001 percent are now going to refinance the debt laden companies then be completely wiped out in teh pending crash.
It is the final rape of the mases by the kleptocrats.;
Ah, ba ba ba ba Bankster An...
Yeah, Bankster An, Bankster An
Bankster An, Bankster An
You got me rockin' and a-rollin'
Rockin' and a-reelin'
Bankster An
Just don't SCARE ME (as it is all about CONfidence, as throughout history)
https://www.youtube.com/watch?v=654H4xfDYKM
Everything was fine in china until they pissed off the US. Go figure. South China Sea(Crimea) ring a bell?
So 2.5 million new accounts this month lost on average 13% of their life savings in a week. And if it was borrowed, well...
I wonder who they'll blame. I remember the interviews with people in this position in June 2008. So many sad stories. This time, only 6 years later and in a much bigger bubble, you can only laugh.
Cyprus did the same back in 2005-8, with farmers taking big loans and mortgages and investing it in the now crashed cyprus stock markets. Its no different really to Osborne recapitalising the UK banks by letting them borrow at zero rates , paying pensioners 0.5% a year on theeir life savings and then charging 30% interest on loans. Or the new US sub-prime "auto loans", which just secure high interest cash loans against an existing old car.
Chinese are compulsive gamblers.
Somebody was bound to fleece them out of their new wealth.
They should prepare troops to be deployed to Beijing, they gonna need em.
How does one say "Decacorn" in Cantonese?
In the modern world there is no place for anyone to hide anything. Of course for those able to live on just fresh air, a remote cave in the Himalayas is the closest option.
There are some nice caves
in the Karakoram range too...
west of the Himalayas..
Jesus Christ. I'm applying for jobs there this summer. Taiwan's English teaching market is collapsing, and all my schools have gone out of business, pretty much. Sigh. Into the eye of the storm I go. At least I can make a swift death for myself if need be.
Why is Taiwan's English teaching market collapsing?
Because their whole economy is collapsing. For rent signs are everywhere, abandoned buildings, more and more boarded up shops, more and more graffiti... They can't make trade agreements with anyone, because of China, basically. They have a huge disadvantage on the open market. It's really a shame, because they're such a nice people. They're country is becoming Detroit.
I had no idea. Scary. Clever, hardworking people too. I guess, like Japan, they shipped too much of their manufacturing to China.