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China Crashes Most Since 2007 Amid "Panic Sentiment"; Over Half Stocks Suspended, PBOC Promises "Liquidity Support"
Some context...
China has lost 15 Greeces in market cap in three weeks
— zerohedge (@zerohedge) July 8, 2015
For a record 12th day in a row, Chinese margin debt balances have dropped with today's 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse leaving more than 54% of all Chinese stocks frozen ($2.6 trillion or 40% of value). China continues to try to manage leverage down (raising margin requirements on stock futures) while encouraging speculation (easing rules for insurers to buy blue chips and financing the purchase of smaller company shares directly) and CYNK'ing the entire market - if it's not open, you can't sell it and the price cannot fall! It's not working as CSI-300 futures are now down 7.9% in the preopen.
- *CHINA TRADING HALTS FREEZE $2.6 TRILLION, 40% OF TOTAL VALUE
China appears to be trying to manage leverage...
- *CHINA RAISES MARGIN REQUIREMENT FOR CSI 500 INDEX FUTURES
- *SHANGHAI MARGIN DEBT FALLS 8.5%, BIGGEST ONE-DAY DROP ON RECORD
While encouraging speculation...
- *CHINA EASES RULES FOR INSURERS TO INVEST IN BLUE CHIPS: XINHUA
- *CHINA SECURITIES FINANCE TO BUY MORE SMALLER COS. SHRS: CSRC
China news is domninated by dozens of pages of this...
- *CHINA TRADING HALTS LEAVE 43% OF ENTIRE STOCK MARKET FROZEN
- *1,249 CHINESE COMPANIES HAVE HALTED TRADING IN SHARES
- UPDATE: Trading halts have left 1544 companies, equivalent of 54.7% of the Shanghai Composite and Shenzhen Composite, suspended today. (@GregorHunter)
With what we estimate is around 850-900 Shenzhen Composite stocks suspended (over half of the 1694 stocks in the index) and almost 25% of Shanghai Composite stocks, it appears China has resorted to the endgame in managing a collapse...
if it's not open, you can't sell it and the price cannot fall!
In other words - the whole Chinese market just got CYNK'd
Time to CYNK the entire Chinese stock market
— zerohedge (@zerohedge) July 3, 2015
* * *
It's not working...
- *CSI 300 JULY FUTURES PLUNGE 7.9% IN SHANGHAI
- *CHINA'S SHANGHAI COMPOSITE INDEX SET TO OPEN 7% LOWER
It looks like today could see China go red for the year...
* * *
China weakness and European rhetoric wearing S&P futures lower (down 11 points from cash close)...
* * *
Another day another attemnpt to stabilize...
Just add this to the list of interventions...
Perhaps if you just stare at it long enough, it will rise...
Just remember this crash is telling us somethinmg about China...
The stock market knows more than any individual investor, and China's is no exception.
As NYU Professors Jennfier Carpenter and Robert Whitelaw told CNBC in January...
This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash.
Our research shows that after a rocky first decade, which earned China's stock market a reputation as a casino, stock prices in China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with China's corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well. However, capital in China is still allocated almost entirely by its massive banking sector. It is time to untie the hand of the stock market, reform listing standards, streamline the IPO approval process now holding up over 600 firms seeking equity capital, and let the stock market allocate capital, too.
Shut Up!!!
Exhibit 1 - Based on 'fundamentals', The Shanghai Composite has a long way to go...
Exhibit 2 - If Dr. Copper is right about the state of the world, The Shanghai Composite won't find support until it has fallen another 60%...
Exhibit 3 - Judging by historical analogs, The Shanghai Composite will need to destroy all gains in the last 2 years before 'value' is once again seen...
Chinese investor psychology has shifted. Period. The more the government intervenes to lift stock prices explicitly, the more local and professsional leveraged investors will use any strength to unwind their positions (profitably or unprofitably).
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Hmmmm....looks like America's economic war has opened a new front.
But Goldman Cocks says "no bubble" 27% rally?!
DOOOOOOOOOOOOOOOOM!
*sniffs glue*
http://www.bloomberg.com/news/articles/2015-07-07/goldman-sachs-says-the...
BOOOOOM! This is real f'd up, folks!
Where is bottom?
On the world's face.
Fed's pimply, pasty, purulent ass.
Picked the wrong day to quit smoking meth
Day ain't over yet.
Even with all of the market anipulation in the west, there's just no fucking way this is going to be contained to the east. I'm really starting to believe 2015 is the year everything visibly breaks.
Krugmanization of Asia.
If I didn't know any better I'd guess the Reptilians are attempting to extinguish mankind for stealing the gold.
Don't fuck with the Reptiles!
Shoulda stuck with the Mao jackets and collectives.
Hurry! Jump in the Capitalist pool, in the deep end! Look what they got out of it! WTF?!?!?!?!
What's that biting my legs!?!?!? It's Goldielox Shark!
China government response,
"Bai moa, bai moa, bai moa, bai za fu king di pu!"
Looks like they don't trust those Chinese printers.... only the US printers can be trusted.... until....
USA! USA! USA!
Black Monday and Black Tuesday in 1929 actual trading losses of 13% & 12% per Wikipedia
or a record 12th day in a row, Chinese margin debt balances have dropped with today's 8.5% collapse the largest in history.
There is a classic trifecta in our lives......
First you PRAY, then you PLAY and then, everytime, you PAY.
PRAY, PLAY, PAY....
Round and round we go....
Oh man, where are my nitroglycerin pills. I always keep them nearby and when you need the damn things...nowhere to be found.
I've got some with me. You never know when you (or someone else) will need them.
no fucking way do we skate through this without the shorts reaping some great rewards.
funny how you will never hear a spokesman use the phrase "unreasonable buying"
A little free bitcoin is the easiest preperation you can make: http://freebitco.in/?r=25727
...but but but, the Chinese are so smart because they buy so much gold, right?
According to the village idiots here on ZH and KWN, the Chinese are sooooo much better and smarter than we in the West, because they don't believe in bubbles and government intervention. Right? Riiiiight....
Furthermore, China is the leading nation when it comes to protecting consumers, fighting pollution, internet privacy and human rights!
p.s. where is Jim "my-daughter-is-learning-Mandarin" Rogers these days? Is he still huffing and puffing on that treadmill in Singapore?
Benjamin Fulford sez™: the NWO wants to clean the planet of Asians when the population wipe out commences down to 500,000,000
China hurtles towards its own version of the 1929 stock market crash… and Great Depression
China- the envy of the west with their "modern" central command and control economy. These morons are as over as Japan in 1990. Sure, their economy has been a Petemkin Village for years and nobody cares. But lose control of your stock market for a couple weeks and watch the confidence collapse and the money flee.
The difference is in scale and demographics. Most Japanese live in urban centers so the loss of jobs relative to the population is more affected by stock market collapses. In China, as large as the cities are, a larger protion of the population is relatively unaffected by the actions of the markets.
This is not to say that you are wrong about the general effect of market confidence in China, only that the comparison to Japan is not the same.
That is "Potyemkin" Village. Is look nice from river boat, but not so too nice on river bank.
i guess being fooled by the artifice of your own potemkin village, like ghost cities, and fake paris's, and new york's is the greatest foolishness of all. everybody wang chung tonight!
Excuse me, Mr. Looking-Down-Your-Nose, but isn't the American situation a similarly psychopathic sham?
COINCIDENCE? BRICS BANK TO COMMENCE BUSINESS ON 7 JULY
@ NoDebt
Spot on mate! Asians can not think even one nanometer outside the box and have a desperate genetically engrained urge to control things in order to avoid losing face. Asians are hopelessly bad in any kind of crisis management. One giant totalitarian and centralized nation (we're not talking about the patchwork EUSSR here) and when the stock markets sell off, the corrupt 'leadership' is shell shocked.
These idiots bought US T bills at exactly the wrong time, and now they are buying gold at the wrong time, so forget about a gold-backed Yuan!
As I've said many times: all the Chinese can do is copy/paste what others have done, whether it's copying Louis Vuitton bags, copying Japan's economy, copying stock and housing bubbles, copying fiat currency or copying government intervention and "the wealth effect."
Seems the outright racists have arrived. Little rednecks fucking their sisters cant stand Asians Im told.
Seems the outright racists have arrived. Little rednecks fucking their sisters cant stand Asians Im told.
You're either Asian or you've never been to Asia. So back to the ZH commentator's favorite hobby then: Jew bashing + China and Russia worshiping.
Maybe there is a valid criticism of Jews and most likely Putin is a great leader. Certainly, being proud of the decaying American culture is not something you want to have on your resume when the Big Interview comes.
That's a hoot, coming from an American. Your entire so-called culture is one grand plagiarization. And how's that crisis management coming along?
Chinese civilization was ancient when your ancestors were still jacking off in caves.
That's what the Borg were. Copy and pasters. You copy and paste and figure out what the best elements are for assimilating and discard the rest. That's all they did was steal technology. They didn't innovate anything and then incorporated it into the collective.
This is Chinas first venture into stock Ponzis. They will copy and paste our HFT, algos and Fed proxies soon enough.
I'm guessing they thought there titanic population would keep the Ponzi going a lot longer than it did. They'll figure it out and get it pumped higher than ever before. 1.375 billion people and counting. And nobody loves to gamble more than the Chinese.
I don't appreciate you disrespecting Thomas Freidman that way, only I can call him a Chinese command and control cocksucking Communist wannabe, there back in your place, no debt..
The Chinese stock market is the world's biggest Ponzi (relative to other stock markets), with well over 70% of the listed companies being shams, and the remaining 30% being overvalued by 10 to 200 times.
In order words, Chinese markets should fall 70% to 85% FROM PRESENT LEVELS, in order to even get close to rational valuation, with maybe 50% to 60% needing to be delisted altogether.
90% and you can say its close.............
You lost me with the term "rational valuation".
Can any gurus on ZH decipher what TIS is talking about.
If you can't decipher what "rational valuation" means, no one will be able to help you.
How is "irrational exuberence" to price in for rational valuation? Maybe we are ask Mr. Alan Greedspan?
to da moon, does that help?
Forgot the sarc tag.
Very well. My bad.
To Boris: I would buy you as much Stoli as you could drink. Missed you, comrade.
No drama, I think your posts are some of the best on ZH
UM...
'Houston, we've had a problem'.
https://www.youtube.com/watch?v=kAmsi05P9Uw
You know, B.O.T.H., back when I was shot down over Afganistan fighing the Taleban insurgents, journo-lists like myself used to have a saying for this moment of clarity...
(Sorry, Brian, but we seem to have the live feed of the Shuttle launch via CNN.)
https://www.youtube.com/watch?v=j4JOjcDFtBE
'Rational valuation' is that shit that a con artist attempts to sell you on. It 'makes sense' that this highly over-leveraged and overvalued (whatever) should be invested in IMMEDIATELY. By the way, DON'T SELL BEAR-STEARNS!
"Never under-estimate a comma d economy's ability to command anyone and everyone to throw ALL the money into the furnace."
I mean seriously...there is aost almost a PERFECT rationality here if. We're talking "follow the Party line or else."
In the meantime ponder the MEANING of such an Elic Fail should it materialize really is quite scary.
At least in the Great Depression they still kept the markets open. "Shutting the trading down means valuation of ZERO."
If you think this is a good time to be a rice farmer you might want to bone up on that apaect of these types of meltdowns too. The term "LIKE HELL IT DOES!" comes to mind...
Hey cheer up US women won the World Cup (soccer) Sepp Blatter to keep his job.
May you live in incendiary times.
-Chinese Revenge Dragon
C'mon folks. This isn't even close to a crash yet. Shanghai comp hasn't even retraced HALF of the 52-week gains.
Still, I'd love to know which western banks (cough goldman) the CIA has put up to this. Pump and dump. Payback for some political games between east and west. Don't try to bail out Greece and build your sand castles near Jap waters. We will crash your economy and cause an egg foo young spring.
Down fifty (percent) is the same as up 100 (percent)
"A halve equals a double."
Move along...
Agreed, a good majority of the shanghai rise occurred in about 4 months time.
Right now, the dow futures are down about 170, but europe is positive. WTF?
Saw wise man last week, who sold his property on ocean in Florida to high end hotel.
Wise man said his sources on ground in China - most of whom are in manufacturing and commercial real estate - say things are far more dire than even what's being reported, and that money is fleeing China at sensational clip.
Alarm goes off ... fumbles around a bit ... hits snooze button ... flops
“Nunchuck skill… bowhunting skill… computer hack skill… Girl is only want boyfriend who is great skill!”
-- Napoleon Dynamite
You are killin' it tonight Boris. The Wodka is vorking...
Ah David Icke, former sports reporter turned reptilian basher!
It only hurts when I think about it...
....and...then all of a sudden....new all time highs! Unemployment will be at 1 percent and consumer confidence will be off the charts. They will open a Nascar track in Tijuana and Hillary Clinton will have sex tape with her and Jeb Bush circulating the web...problem is it will have zero views. That is how is see the rest of 2015.
...and then...all of a sudden...all bond markets freeze as sold as ICE-9...which means...NO LIQUIDITY!!!
I would suggest some food storage items to take you through till next planting season, as well as seed to plant.
Boris is liquid in bedroom mattress. Ruble in bank is not same as ruble in mattress*.
(* note, if incontinent, please to store ruble note in water resistant bag.)
Had a household security system telemarketing lady call me the other day.
She asked me if I had though about a household security system\
I replied: Yes
She asked me if I had a system now.
I replied: Yes
She asked me if I didnt mind telling here what Brand are you using:
I replied-- Ruger Super Blackhawk 44. Magnum 3 screw build on a Dragoon Frame. And I have never had ANY problem because if there is one thing a theiving thug Negro hates, its a BIG shiny pistol with a hole in the end big enough for his finger.
SHE HUNG UP ON ME!, and I was just getting started. I did not even get to tell her about the rest of my system.
This is absolutely the best comment I have ever read on H in 4 1/2 years of reading. Thank you, you made my day.
You can't mention a 44 mag with out posting a link to this:
https://www.youtube.com/watch?v=8Xjr2hnOHiM
Always wanted a Blackhawk in .44Mag and aim to get one one of these days. However, you might find interesting, I can handload for my .45 Colt Blackhawk far steamier loads than the regular .44Mag loads. Check John Linebaughs page.
http://www.customsixguns.com/writings/dissolving_the_myth.htm
H110 is the shiz-nizzle my freind.
My Blackhawk has two cylinders, one .45Colt and one .45ACP. Pretty cool.
Grimaldus
Of course the tape would be she and Jeb. No self-respecting Tijuana donkey would have sexual relations with that 'woman', Mrs. Clinton.
That distinct scent of vinegar.
Shudder.
No containment. Pieces falling apart all over the playing board.
They are trying again to ignite the animal spirits but after a hour of pounding the mattress on the SHCOMP the erection is drooping and that's with so many stopped out of play.
After three days of this, something is going to break ...a Black Swan
Some of these drops occur with a certain "mathematical ism" for lack of a better term.
No one works well in a panic...but humans can respond in a pre-programmed way when they do panic too...so the first question to ask AND ANSWER is "do you believe this is a panic" and then ask and answer "if so how will people with real money in this thing in fact respond?"
Thats how the Wall Street pirriana's "strip us bare to the bones.
Watch and learn what Free Markets Unchained really look like folks...this one might be one for the textbooks.
The Big Difference between China and the USA is if they find any bankers behind crashing the market they will promptly be before the chinese firing squad ....
In USA, the causative bankers get bonuses.
"...if they find any bankers behind crashing the market they will promptly be before the chinese firing squad ...."
Yeah.... I don't think so.
Every once in a while they execute some poor schlub who overreached or forgot his station. It's all theatre for the masses. As in the USA and EU, the serious players never get called out. Too close to home for TPTB.
Well, I'm limiting myself to only drinking once a day, when I'm awake :)
The Globalists and their Chinese proxies must do everything possible to stem this collapse. What a fucking disaster.
Expect the unexpected and BTFDYFI even though it makes absolutely no sense...
Where Buwward? Need good bullshitter weally fast.
I hear the Clintons are available at $250K a pop...
Don't be so negative folks! The Chinese know what they're doing, they buy gold, remember?
Yes. They will be happy that they did when the GLOBAL MARKETS collapse.
Some have the best hedge of all...that which is at the apex of Exter's inverted pyramid.
I am so pleased to watch your world crumble into rubble, Bokkenrijder...SMASHED and valueless scrap.
You had best believe that I am actually celebrating this as I write. I am doing everything that I can possibly do to help bring this to the final eventuality.
It is all coming down...all of it. It will shake your world into itsy bitsy pieces. I will be laughing at it, and at you, from afar.
Fuck your FRAUD and your CORRUPTION. Fuck the European Union and Fuck the FED.
Oh dear, Tommy-the-Tall-Tit is upset again because he got suckered yet again into buying even more gold last week, thinking the world is going to collapse any minute now.
Any minute now...any minute...just wait for it....just wait a little more for it...keep on catching that falling golden knife...catch it some more...BTFgoldD...buy some more.....it will jump to $2000 any day now...keep on hoping...
...and if all else fails: BLAME the messenger and start swearing really loud. Very mature Tommy, very mature...
Tsk, looks like the shit river is overflowing its banks and the entire market is going to get 'fertilized'. It's just a good thing they have a 5 year plan.....
Ha! Maybe now people will understand why bankers are committing suicide in droves. They already knew what was coming. Game over folks. Your preparations will now be paying off.
remember this 5000 new chinese hedge funds? .. nope me either.
http://hedgeaccordingly.com/2015/06/in-less-than-three-months-over-5000-...
+100 - How does one translated "MUPPET" into Cantonese & Mandarin?
The Great Freeze
just wait until it rolls through western stock and bond markets
You mean there is a possibility that the deleveraging will roll over into us assets? THE HORROR!
They thought tanking the oil market to punish Russia wouldn't affect the US as it is 'energy independent'.
Never underestimate the something or other.
No it can't happen here, not with the current leadership which is so much smarter than everyone else. Obozo, Yellen, Lynch, Hillary, Bush, Krugman, cnbc "news staff", etc etc etc
Actually all the chaos in europe and asia means billions more will flow into us stocks and bonds. So, yes -- expect all time highs later this year.
So you're saying I should get my money out?
Ha ha ha...
CHINESE TRANSLATION: Ha ha ha...
cue the real estate bubble burst. shit is about to get serious.
Yes, a new Front indeed in the Total War for Full-Spectrum Global Dominance.
Looks like China will not be 'in the mood' to be bailing out Greece, unless it's on a pure Quid Pro Quo basis.
So the rumors about China enslaving the planet are false.
It was never going to be China or Russia or India or Brazil enslaving the planet anyway. The BIS and IMF is the direction you should be looking for that.
But you are 100% correct in assuming that if this sucker doesn't stop going down the idea of the BRICS bailing out anyone anytime soon (Greece specifically) becomes remote.
IMF-SDR however is a different can of worms altogether...
"The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF."
Economist Magazine 1988
Yeah the USSA economic terror unit decided to swing into action against China after the development bank and recent naval exercises with Russia.
Nudelman an dthe zios want China to stay away from Grease 2.
What, the Chinese can't destroy their own market without outside help?
"unprecedented"
The Chinese words for crisis and opportunity are the same.
No they aren't, and would you please stop spreading that myth?
You need to learn to read kanji and Chinese characters mother fucker. Don't speak to me out of ignorance again ! I will bet you're another ignorant propaganda spreading amerikan , BAKA Pendejo or by any other name stupid. Watasiwa 75% nijonjin and 100% your better . Myth that , or shove it up your dumb ass along with the gay marriage and that tatoo you have that means something different than you think.
Fuck you once more, liar
What is wrong with that guy's face on the first picture on the right side. It's like its melted.
I don't know anything about stocks, but I assume this is bad.
It utusally would be..but this is the land of make believe where anything is possible. Could be at all time highs in 10 minutes. Yep, it is that fucked up.
Yep. All the chaos in europe and asia means billions of scared money flowing into us stocks and bonds. Expect all time highs in the next few months.
All I know is when you throw a brick on an ant hill, all the ants freeze in one split second. Then they run around in random directions smashing into each other.
I think it works like this but I'm not a professional economist.
Miffed;-)
You have just described a Chinese fire drill. How appropriate is that?
More like the end scene of a Stooges movie, running all over themselves, making stupid sounds....
The ants are running around selling paper PMs. That is the only thing you are missing in your otherwise airtight thesis. You just maybe Princeton material.
"...I'm not a professional economist." Neither are the people on TV who play one.
But they did stay at Holiday Inns before their interviews, right?
Except these ants aren't allowed to run in any direction. It's more like a game of Freeze Tag organized by pickpockets.
Funny, every time I mess with ants they come straight for me.
Long time lurker so decided to open an account.
Because exciting times!!!
Welcome
The insane asylum has finally hit it's stride...
The world is ending and you're 8 days old...
Great work, Tyler. Not that you caused this or anything. Did you? Great lightning fast reporting.
Definitely bullish.
For shits and giggles....
Is this in response to the news reports of hacking US stuff?
If Murikistan gets fingered as the culprit to possible computer shenanigans in a controlled demolition of the Chinese markets; that would be pretty fucking fuckity. It'd make for a decent news day, doubtful it would upend the Subway Pedo scandal though.
It is doubtful that many of us will live to read the news the next day.
Instead of Financial Nukes the Chinese will shoot off real Nukes in retaliation for an Act of War.
ALL WARS ARE ECONOMIC. I rarely use the word, "all".
This exactly what should have happened to US markets in 2007-2008, if they hadn't papered over all of the problems...maybe we should loan out Kevin, Ben, and Ms. Debtfire.
Selling is terrorism.
This may actually be serious. The MSM have all but ignored the Chinese meltdown instead concentrating on much more serious things like Jenner's Olympic torch for sale or Smiley Virus coming out of the closet.
Smiley Virus came out of the closet?
As straight?
Quick! Shove her back in and lock the door.
That is the key... watch for the MSM coverage or lack thereof.
Same goes double for the current Greece debacle... if they lead with the riots, pain and societal collapse then you know it's to further the interests of the globalists because it is simply not helpful for the continuance of the current extend and pretend dynamic.
And if they don't cover it?
Start praying because it probably means they have lost control of the shitmobile...
Good evening, everybody.
At the top of the news the search continues for the 3 legged water polo playing badger named Badgie. A nationwide amber alert has been issued even though we are talking about a badger. Sources have not ruled out foul play. It could be race related as badgie was predominantly dark colored with very few white stripes. We now join Anderson Cooper live at the scene.
Free Markets!!! and Free Badgie!!!!
Found him!
https://www.youtube.com/watch?v=EIyixC9NsLI
I will state that the MSM is not covering the Chinese meltdown because they don't understand it. Jenner switching genders is so simplistic even a 5 year old knows something is messed up with that Jenner person.
Free markets indeed !
And this my friends is how it all will end. Casino is closed. Thanks for playing. Here's your complimentary Spider man towel. Have a nice day.
Where do I get my towel?
Damn, I need a new toaster. Can I get the toaster?
Ah, anything... in this general area, right in here. Anything, below the stereo, and on this side of the Bicentennial glasses. Anything between the ashtray, and the thimbles. Anything in this three inches. Right in here, this area, that includes the Chiclets, but not the erasers.
Were you raised a black child?
I'm with jimfcarroll- fuck the toaster i want the Spider-Man towel.
lmfao....coffee on keyborad...thanks for that one.
Not me - I'm not laughing. Too close to the truth...
I am laughing my ass off as it is the truth.
You participants deserve your losses and I hope, with all of my heart, that your losses are extremely painful so that you will LEARN NOT TO PARTICIPATE IN PERPETRATING A FRAUD.
The ENTIRE GLOBAL ECONOMY IS A FRAUD AND NEEDS TO BURN.
LOL at the developing shit show.
Well, you can add the Nikkei to major world markets that are in process of crashing, along with the DAX, and our indices in progress.
Not looking goooooooooooooooood...
Does this mean the S&P goes up 8% tomorrow?
No, China and Greece will be the scape goats for the chaos that will come to our "markets". Just what the central planners ordered. We had everything fixed with the markets and the eCONomy until......
They are very smart,,,, but I think a lot of this is getting away from them. They will be pissed and vengeful but they don't have "everything" under control.
They are discovering high debt is ruinous urban slavery.
uh....probably.
NoNo look at Greece...Greece damn you!
Global market shits pants.....
I am
AND CHINA LOOKS THE SAME ONLY WORSE!