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Even The Economist Is Now Mocking Central Planning
Buying stocks "is buying the Chinese Dream," proclaimed a top brokerage after officials 'promised' a centrally-planned bull market for the on-the-verge-of-social-unrest-after-real-estate-collapse population... but instead they have lured them into a bear trap.
Even The Economist sees the irony... as yet another centrally-planned market economy scars a generation of investors...
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It only mocks Central-Planning in China. It has only praise for the infinite, illegal manipulations by the Fed, ECB and the Bank of England.
The Economist is now just a mouthpiece of vested interests controlling Western economies - so basically it's now a propaganda tool rather than a source of independent news.
Acutally, the Economist is merely mocking China.
China mocks London's gold market fraud operated by the Economist's owners (they don't believe in free markets either):
http://www.marketwatch.com/story/china-wants-to-steal-gold-market-reins-from-new-york-london-2015-07-09?cb=logged0.1444690890436684
Well it looks like the world has gone "all in" on stupid.
Special report on mental illness, a condition that central planners and statists and banksters and politicians are exempt from.
Can you say $10K - $25K per ounce
Is this the long term planning I hear so much about that is going to teach the US a lesson for their economic misconduct over the past century? Not impressed.
Strange. I don't remember the Economist mocking the UK government and Bank of England for bailing out British banks (and the FTSE). I must have missed that.
Ever wondered why The Economist's articles are anonymous? Maybe because they are written by civil servants in the UK government, say, by MI6 propagandists?
You didn't. The Economist did, however. Tells you all you need to know.
I was in Brisbane AUS about two weeks ago and saw a guy do a header off one of the buildings.
Probably a Chinese investor frontrunning the market.
Hello Hugh,
It looks like the jews at The Economist are scolding the chinamen for copy-catting the jews!
Oh vey or whatever.
Shalom
So if a chinese trader buys the dip is it just a dead cat bounce out of the fire and into the frying pan(wok)?
Dead cat worth more in China. Dericious with flied lice. BURRISH!
"Hands Up" !!!
"Don't Short"!!!
Isn't the Economist that tabloid rag that hangs next to the check out station in the super market? If it isn't it's getting awfully close...
The Economist is an excellent general newsmagazine, except for its coverage of anything remotely related to economics.
Moar cowbell!
I forget who said it, but (I paraphrase):
"There is only Investigate Reporting and Public Relations, when it comes to Journalism."
Who the fuck lends any credence to the "Economist"?
Only in that it is like hearing a progressive suggest that taxes are too high for the rich. I don't really care what progressive think but it would still make me laugh.
Years ago the Economist was scratched off my list of TTR [things to read].
That was about 20 years ago when they became The Islamist of London when the Saud dune koon bought 'con- TROLLING' interest in Pearsons.
It's been shiit ever since.
Millions of economically successful Blue Pill consumers, chatting with their ilk at meetings and cocktail parties.
Any other questions?
So what's the difference Mr. Durden, between what the Chinese are doing and what Hank Paulson did when he just went out and bought General Motors, et.al., with the taxpayers money ??? Hank Paulson did more to destroy the whole concept of private enterprise in the U.S. than anyone in the 200+ year history of the Republic.
Not to mention voiding the entire concept of rule of law.
The difference is that $700 billion no longer seems like a lot of money.
I do not think that publishing an article on a long running info blog is meant to feed you some opinion. Herman55 please think for yourself.
Would you rather that ZH directed your thinking? Progoganda for a click.
I always find the articles balanced between idiotic shills, diverse opinions and advertising. MAYBE you can learn to look at an info outlet as more than a "feed stall" of pre-digested opinion you can take to the cocktail party.
Think for yourself after you read every damn idea that relates. Probably did not toilet train you on critical thought, So you are now the Depends generation of thought. Feed me the best opinions only. (And WTF is that?)
Well, the first four words of your post were believeable Whacko.
Mark Zuckerberg, Eric Schmidt and Ben Bernake " did more to destroy the whole concept of private enterprise in the U.S. than anyone in the 200+ year history of the Republic. " They enabled the Obama Presidency. Millions of deaths yet to occur.
Height of hypocrisy, what's the difference between FED, ECB, BOJ propping up the markets, for more than a decade, compared with what China aims to do?
Most of what people do each day is about dreams. One dream is the same as another, made of the same stuff as dreams are made. The Chinese dream of stock market riches is no different. They make their own narrative and write their story as they go, caring not what we think. I can easily imagine an entire economy built on nothing but stock trading because I already live daily in an economy built out of nothing be debt money. It's all bat-shit crazy. But nobody cares that I think so. And those as don't care, dream the dream.
The human dream is not just riches, it is money for nothing. Having to work for it actually defeats the purpose. People will work harder to steal money than to actually earn it. They will suffer poverty rather than work for money. Many have been sold the idea that to work for money is to sell out to the man or some such shit.
Like my grandfather told me once, there is no sweeter water mellon that one stolen from the farmers patch.
On the contrary.
The farmer gets the sweeter mellon.
He doesn't have to pick chunks of rock salt out of the mellon, and his ass.
I think if he spread his arms a little farther apart he could hold a lot more of that up.
"Inside: A Special Report On Mental Illness"
well played, Economist... well played
Only if he were taller...
...or had the arms of Manute Bol.
Yao Ming for minister of finance.
Too little too late...
If the economist was sincere they would have "shut it down" and told their readers the truth after Nixon's infamous speech in 1971 after Bretton Woods when the French sent it's Navy to pick up there Au from Manhattan all those years ago!!!
Oh sure, yuan will definitely be put in the SDR basket. Along with the lotion, or else it gets the hose again.
China is having a problem because everyone uses leverage over there. in the usa we don't do that. [/sarc]
They are going to have a problem because they are laundering all of their loan money in US and Canadian real estate and have no intention of paying it back.
Fuck the comic book called the Economist and all who contribute to it.
As henry paulson correctly put it... we're a global economy... you hurt china you hurt us and vise versa and that was quite alot of years back in 2010! but you know nothing changes... we're still a global economy!
I can even see people going to jail in US if the NYSE die at the same manner xD call that communist capitalism xD
It sucks not having the world reserve fraudulent currency.
It sucks to not have enough of it.
Get a job bum.
Well Chinabux are slowly but constantly appreciating vs Ameribux - that's been one of the easiest and most obvious trades of the past 8 years. Apparently our planetary masters consider Chinabux "better than the reserve currency" even if they're not it (yet).
It doesn't matter if it's digits on a computer screen or on your bank account statement. If you don't have it in your hand, you don't own it, and you cannot set the price.
If the Chinese, with 5,000+ years of history, haven't figured that out yet, then they deserve what they get. At least with a house/apartment that is paid for, which is what the Chinese invested in, even if the price goes down, you still have the real estate. Unless you borrowed money from some loan shark to buy it, in which case, you iz fucked chink.
Buy productive land instead.
Indeed - you'd think they'd know better by now. The Chinese were way ahead of the west on frauduluent paper currencies.
Marco Polo Introduces Paper Money to the Venetian RepublicWhy aren't environMENTALists screaming about China's disasterous policies, or lack thereof?
Hell, in Pennsylvania I can't even fertilize my lawn with used motor oil without some nosey neighbor complaining about slipping on the sidewalk.
Eskimos have been walking on ice for millions of years. They don't slip and fall.
Get off my ass, and look at the Chinese.
Is this a joke or are you really this big of a moron. Fertilize your yard with used motor oil? If it's in your yard, why do the neighbors slip on the side walk? Makes no sense.
It's secret libertarian code.
You wouldn't understand.
Roll another one bud. You make no sense.
OK I am going to be kind. Likely his first day on the job and trying to establish some kind of camaradarie with a bit of humour edge and common man comments, Some NRA, don't fuck with my lawn stuff. Likely will not get a raise without some up arrows.
The great stupidity of the stupid: A good king/central banker/bureaucrat/judge/uebermensch/messiah/hero/the market/central planner to think and act for them.
A ship of fools chooses its captain? A decision of a thousand fools is better than the decision of one fool? The blind leading the blind? The stupid choosing their leader?
Trust is an opiate to quell the pain of thinking.
When communist countries do this I think it's safe to say that we're all fascists now.
Was it over when the Germans Bombed Pearl Harbour?
'Wei guo jiepan' ('Bear the burden for the country' no matter how far the market falls)
“Fight to save A-shares. Join the battle if you can. If you don’t have bullets, yell.” (neon sign over a train station posted on Weibo)*
* A note about the 'you can't sell for six months if you own more than 5% of a company's shares'-- just divvy up the assets to various and sundry relatives and SELL.
In China, we make everything cheap, from bath towel to Zenth tv for yankee round-eye
american...But yankee american now going broke and not buying china cheap goods...
So china investor no longer think china company profitable and sell stock for quick money...
other investor see share price fall and not want to be caught with pants around ankle.
Please read this carefully to yourself multiple times (using asain accent of your choice). Then..
the next time you go out shopping for the things you need in everyday life,take note of where
the majority of those things are made...Hopefully, this will help take you focus from the details
and see the big picture..it really isn't so complicated...
right, and USA using the FED to control monetary supply is oh so different from "central planning"? When will you Libertarians stop deluding yourselves and face admit the truth about it?
The Economist is the mouthpiece of the banksters owned by the Rothschilds.
When Capitalism reaches its zenith, everyone will be an investor and no one will be doing anything.
Central Bank inflated asset bubbles will provide for all.
The biggest market in the world today is derivatives, money making money without a useful product or service in sight.
With the market in derivatives being ten times larger than global GDP we can see that making useful products and providing useful services is nearly irrelevant even today.
We are nearly there.
The nonsense of current thinking taken to its ultimate, inevitable conclusion.