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Strap In! China Is Crashing Again
In the last 2 days, PBOC has thrown everything at the ponzi-fest they call a rational market. An RRR cut, a Benchmark rate cut, a rev repo rate cut, a CNY50 Bn rev repo injection, a stamp duty cut, IPO halts (cut supply), and last but not least permission to speculate with a reassurance that shares on a solid foundation. The outcome of all this policy-panic - CHINEXT (China's Nasdaq) is down another 6% today (down 25% in 3 days) and aside from CSI-300 futures, all other major Chinese indices are in free-fall.
The message from The PBOC:
- Don't believe or follow negative rumors against Chinese economic development
- *LOOSE LIQUIDITY TO SUPPORT CHINA'S STOCK MARKET: SEC. JOURNAL
- *IMPROVING ECONOMY TO SUPPORT CHINA'S STOCK MARKET: SEC. JOURNAL
The result:
Some context...
So much for these flows:
- *CHINA MAJOR BLUE-CHIP ETFS HAVE $1.5B NET PURCHASE MONDAY: NEWS
Add to that the fact that industrial metals are collapsing with steel rebar limit down...
...and it appears Central Bank Omnipotence is under threat.
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Strap in? Strap on - we're about to get f*cked.
Chinese fire drill....move along
http://www.philiacband.com/propaganda.html
Gold Yuan coming.
China equity ponzi "markets" down 25% in 3-4 days (another 50% to go, and a real estate bubble of equal proportions, a bond bubble of equal proportions, and 28 trillion in USD denominated leveraged debt, and factories & ships shutting down/idle by the hundreds each day),, Brazil begging for closer relations with the U.S. today thanks to their now near Economic Depression, Russia sinking, yet ZH will come out with a series of articles as to how China-Russia will rule the world soon, with Brazil & India in tow.
Rebar is FUBAR
Assume the crash position... err... I mean the CASH position...
B.S.
Gold isn't the right trade?
http://seekingalpha.com/article/3291335-the-next-gold-bull-market
This is the problem with China. When their potemkin real estate economy finally tanks they can't even engineer a proper transition into paper asset mania.
In the US when our "real" economy tanks we at least have the common decency to pump the shit out of paper assets for 6 years straight. They can't even manage it for 6 months.
Not many of you are aware. But the Large Hadron Collider has started up again after a 2 year hiatus.
The Large Hadron Collider is an improbability drive, which creates 6 sigma or greater events to occur more frequently, culminating in a fat tail probability distribution. The LHC effects how the wave function collapses.
Consider all the 6 sigma or greater events (environmental, financial, biological) that have occured, when the LHC is operational.
Quant models can't compensate for a non-normal distribution of events. Grexit is the first of MANY 6 sigma events going forward.
THIS IS LITERALLY THE TRUTH!
WE'RE FUCKED!
I use to work in a six-sigma place. Pain in the ass and we didn't eve have a Large Hadron Collider. If we did have one, they wouldn't have had any lube.
The gig is almost up. You can't keep the balls in the air forever. But you got to hand it to the banksters. They are quite adept of turning camel shit into a wonderful rug.
That's right!
The power of massive Hadron Collider has been increased ten times to rip a hole in space itself which will pull the Earth and entire solar system into an pan-dimensional universe where reality is whatever you think it should be.
Oh wait.....
So they're trying to make a Stargate. Pfffft....it's been done.
Whatever you do, don't cross the streams...
Green arrow. I always up-vote insanity when I encounter it in its raw, natural form.
I knew there was at least one ZH'er who voted for Obama.
If you can't spot the one with the lubed asshole waiting to get assfucked at the table, get up and grab some KY and BEND OVER
Well, we couldn't on either occassion, for we are not American citizens.
Dormer Room (attic dweller) !
Improbablility Drive - where's my Hitchhikers' Guide to the Galaxy?
Here ya go!
https://www.youtube.com/watch?v=ZMoi-nDd6cQ
Improbability drive? Here's your improbability drive: https://www.youtube.com/watch?v=_YEP6EAkLDk
Pass me the bong brother time to get back on it?
Markets only down 2% in china?
Up 5%, haha... It's absurd, but hilarious. Those umbrella-makers and shell companies are undervalued now..
Wake me up when you'll see a similar correction in any US "market". At least in China they still allow for failure...
-30%
"correction"
An entire generation of Chinese is getting schooled in how not to lose trillions of RMB the hard way... not playing the markets.
This is the Nikkei in 1990 again, and you won't have "investors" "returning" to the "market" after this "correction" any more than the Nikkei ever came close to its highs again.
An entire generation of Chinese farmers, housewives, banana vendors, factory owners...trading stocks for an easy living...now become accustomed to the meaning of getting "jewed."
They've just learned why gold is a safer bet for their savings...
Chinese farmers expecting the Communist govt to hold markets up forever?
No different from BTFD'ers who think the FED will QE forever.
Equally stupid
Except the commie gov didn't... Buyers beware !
" ...aaaaand, it's gone."
https://youtu.be/8k5oAaXINX8
Meanwhile in Trayvonville - the "supreme" court steals more freedums away from Amerikans today. A new day a new case for enslaving the sheep.
so you are saying the waiter trannies will continue to rule the world?
On a serious note, those countries actually produce things, useful things; and for the most part are full of hardworking people. What does the US have? Crony capitalism, EBT cards, lazy overweight zombies, demented trannies and gorillas.
gorillas?
i like my gorillas
You speak about the US here right ?
are you a retard douchebag truthissunshine ? Rusdia economy isnt sinking its going normal maybe not strong to ride global powers btw ussa economy is in shambles recession with only 0.X % growth rate acc to govt lied figures otherwise usa real economy growth is in negative . no fcuking growth only laundering . let that sink in dumbfuck .
Shoulda stayed commie, mommy
Unexpected margin calls are a bitch
who's actually fucking who with the strap on
Got to do something with that rebar.
In no time at all this dip will be a distant memory and the comfort of daily new highs will be back to comfort us all like a warm blanket.
Hell they have already taken back half of yesterdays losses in the overnight trade.
We all know its coming, the money printing and the new highs, they must come.
This is just another opportunity to buy the dip; free money.
Wheeee!!
No worries. She'll be right, mate. Chuck another prawn on the barbie. Relax bro';have a home brew.
I just home brewed myself a batch of black cherry wine.
It will be drunk this winter.
This is a little unsettling to see the SSE looking for a floor. 4877 down to 3900 in a few days is a problem if your geared. Do they not know to throw printed money at it until it sticks
Fair suck of the Sav mate, corka beauty cracka, rippa bonza grouse. She's looking like a bucket of smashed crayfish. He took off like a roo in a bush fire. Shot through like a rat up a drain pipe. Laughin like a tree full of kookaburras. Stone the crows. Bugga me sideways. Strike me bloody hooray... waltzing fucking Matilda bitchez!!!
Dup.
The Japanese have been buying equity directly for years.
Wait until a desperate dictatorships CB does it.on Chinese scale.
This could be a much bigger problem than Greece could ever be. The margin calls must be epic.
Not as big as the $100T or so worth of Euro/US denominated currency swaps that no-one is talking about...
They are the only topic being talked about over at Deutche Bank...
My DB put is rockin!
China builds big and it will crash big. They don't do anything halfway or understand words like "moderation" or "gradual".
look out belooooow!! haha fuckers!
See what happens when you try to compete with the PetroDollar?
"Do you see what happens, Larry?"
The chinaman is not the issue!
here in Thailand we are being invaded by them. Nasty bastards!
Mint sealed monster boxes should pierce 9K delivered soon.
The yahoos at Yahoo report everything but the SSE in the green and happily bubbling along. Is ZH operating in a parallel universe?
Kind of funny, but I actually noticed zero hedge articles being linked from yahoo all of a sudden. Hope Tyler and Co. aren't paying yahoo for that.
Still up for the year. YAWN!
Folks just rotating out of Chinese stocks and into the safe harbours of the Dow and S&P500 constituents so this bullish for US stocks. As for rebar that is just an old relic that isn't really required for very much in the modern economy.
who the fuck rotates down here. the smart folks rotated at psych 5k! now it's all MARGIN CALLS BABY
GH: You're preaching to some choir, but you're in the wrong church...
MDB, is that you?
That;s just because you can't buy moar stocks with rebar.
For every buyer there is a seller, so who is rotating out of the ES when Chinese are rotating in? Looks like the Chinese wanna get fleeced a second time.
Everything's fine.... look at US, futures are green!
DM1:IND Dow Jones Industrial Average Sep 15 17,551.00 +31.00 17,544.00 17,565.00 17,529.00 22:11:38 ES1:IND S&P 500 Sep 15 2,054.50 +4.00 2,054.50 2,056.00 2,051.50 22:11:04"A healthy correction" it is then...
howree mowree!!
This is 49% Western Corporate Stock. YeeeeeeeeHaaaaaaaaa F' the NWO.
I like the "BUY YUAN" advertisement that was under the article. Nice touch.
Chapter Jackson - I NEED A JOB!!!
The silly negro in the Whitehouse has been seen as a fraud.
LMFAO...Strap on is right bro...Janet has just strapped on the XXXXLarge double dong....Hide the children.
See how that works? China leaks how they are going to take over the gold market and next their stock market is crashing hard.
Quite a coincidence.
Fuck it. Invade Taiwan. Let's get this show on the road.
Cool. Deflate these massive bubbles.
THe Federal Reserve will do what it does best. Manipulate the treasury and stock market again.
They'll try but their returns are ever diminishing.
It loses more and more energy with each and every bounce. It is almost to the point of just rolling around in its final death throws as the fiat ponzi scheme comes to an end.
What can we do to help stop the inertial energy keft in this latest bounce? Hmmm....
It should be a very interesting times by the end of the year...
Who is next that will stop paying on their bonds becuase the middle class well has run dry...
I think most people have it backwards.
The Fed must be getting really pissed, as their biggest targets for an on-demand crash to stage a run into the US Dollar when it becomes necessary are dropping off the radar: first Russia survived the Ruble short pretty well and likely has hardened against future attempts, and now China is crashing, which is much better for them it happening now than later.
Cool-
I'm going to Lowes to buy some rebar this weekend...
Limit down, GOOD.
I'm gonna hoard rebar. I'm gonna make a fortune. Yeah!
China is crashing and they will suffer greatly. But they are a net creditor nation and will not suffer nearly as much as the debtors nations in Europe and the world's largest debtor nation in all of history... the U.S.
http://www.globaldeflationnews.com/category/stocks/dow-jones-charts/
Yes.
Also, they've advised their populace to invest in gold. The government also has a shit-tons of it.As many have noted, they were hedging for this exact situation.
How can the PRC be a net creditor nation when so much of their industrialization has been via debt financing? Serious question
... Because these guys like to bullshit.
Oh just shut the fcuk up newbie troll . present proof along with your comments when you state facts otherwise stop your usual BS .
The problem is that the guys in control are no smarter than you and me. And of course groupthink makes things worse. No dissent. Follow the official line, even though it changes monthly and now even daily.
Things are tough now for a lot of people, but I guess they'll be getting a lot worse. And I'm a naturally optimistic person.
YOU ARE WITNESSING THE END OF THE FIAT DENOMINATED DEBT SYSTEM
:)
Don't celebrate too soon. The answer to all government problems created by government manipulation and theft is more govenment manipulation and theft. The sheep still believe this and will look for the government savior and government solution as the government blames freedom for the downfall.
YOU STILL BELIEVE THIS SO HOW ARE YOU BETTER THAN THE SHEEP?
I do not believe it. You cannot read my post? We are all the sheep politically but I do not believe in government shepherds or their superiority.
The point is that in a crash we may get MORE government and controls, not a favorable reset. We can repeat stupidity for a long time.
Hard for me to understand why anyone, especially at zh, would junk a truism.
Come'n get yar fortune cookies! Fortune cookies! Two for one!
This is time to get in, ZH.
"Tis much safer to strap on for a bumpy ride that to bump into a strap on."
-- Anonymous
BTFD dumbasses!!! :-)
China is preping its population for War.
Indoctrinating them to be losers.
says the bullshit douchebag . fucking sissycunt
zer
lew-
Bloomberg was saying that it has another 80% to lose.
Sad and grumpy housewives on full margin.
Bwaaaaaaaaaaa.
Remember "Back to the Future III" ?
Doc is aboard an old steam locomotive, pushing Marty in the DeLorean time machine out front, desperately trying to achieve that magical 88 mph needed to transport both the car and Marty back to their right time.
Doc uses specially-made logs to turbocharge the locomotive by superheating the thing's boiler...driving Marty faster and faster.
Global central banks have been tossing their "logs" onto the rackets around the world just like Doc did to the rig he was on. Each "log" (round of QE or other warping stimulus measure the loons come up with) bursts into inflated assets and derivative plays as its tossed onto the exchange fires, in the same way Doc's boiler fire burst into more speed.
And just like the superheated locomotive boiler began popping rivets (EU/Greece debacle, and now more Chinese caving), rackets, banks, and what's passing for capital economies the world over, are now popping their rivets too, under the high pressure of enormous debt, public and private.
And as you'll recall, the old locomotive ultimately blew up...
m
Down only 0.01% at the moment.
Have no fear! CB's are ready to protect the economy.
I remember some 30 years ago, when I first contemplated trading futures, the reaction from my friends, family and the brokers themselves was very negative. 'You will lose everything' they said. To prove them wrong, I delayed my trading debut for 12 months, while I researched the reasons why so many people lost their money. Any way here I am today. All though not insanely rich, I am still here trading my life away, managing to keep my family well fed, housed and living a fairly comfortable lifestyle.
Despite feeling a sense of sympathy towards the ladies in the photographs, there is a lesson to be learned. Speculation is no place for the unprepared. If you want to dabble in something which is a very close cousin of gambling, I cannot stress how important it is to do your homework first.
The doubting Thomas's I encountered initially, gave me the incentive to learn before I took the plunge.
I met a few very smart US farmers some time ago who dealt in corn and soybean futures and they also made good money at it.
Food production was their life anyway and they loved it, and futures were extremely important for their survival, so they got into it very deeply and got very good at it. They said it saved them while their neighbors were going bankrupt. I though t it was gambling until I met these guys. Well, raising a crop is a big gamble each year too.
My broker Buy Da Fuk Dip is making me... as he says " won beeg fortune cookie" on my Chinese Checkers stock!
Winning Bitchez!
This is a lesson on counterintuitive outcomes in the real world: "An RRR cut, a Benchmark rate cut, a rev repo rate cut, a CNY50 Bn rev repo injection, a stamp duty cut, IPO halts (cut supply), and last but not least permission to speculate with a reassurance that shares on a solid foundation."
Love it. Now do nothing about the losses and go after the banksters who will no doubt start whining about bailouts and the economists who implemented the last QE-lite in April. Simple.
up 5.5% now
Dead cat bounce, meowwwww.
We seem to be here right now https://www.youtube.com/watch?v=ZloyQxIqdBA
What you expect from that bubble, this bubble need to deflate BTW.
Any guys with half-brain saw that it was unsustainable now saying the China is over and dead may be presumptuous.
There's not enough popcorn in all of Nebraska.