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What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out "Malicious Sellers"
After pledging a whopping 10% of China's GDP, or just about $1 trillion, to its various (at last check over 40) discrete measures to prop up its collapsing market, among which such threats as arresting shorters of stock and "malicious sellers", actions which have merely slowed down the bursting of the world's biggest stock bubble in recent years, China has finally reverted to what the communist regime does best to preserve "order" - implement witch hunts in which the population rats out any criminals who dare to go against the protocols of the communist party. In this case, the targets are "malicious sellers" with the regulator adding that those found guilty of shorting will be "dealt with severely."

This is what appeared moments ago on the website of the Chinese stock market regulator, the CSRC - an interactive online box allowing "traders" to rat out anyone who sells... maliciously (as opposed to non-maliciously).
Google translated:
Online Reporting Notes
Note: This website is in trial operation stage, the event can not normally access, please understand!
According to "securities and futures law violations Report Interim Regulations", the Center received reports meets the following conditions:
- to report the matter belongs to China Securities Regulatory Commission and the various supervisory duties range;
- provided by an informer's name (name), identity and other information;
- to provide violate securities and futures laws and administrative regulations of specific facts, clues or evidence.
The same illegal behavior securities and futures are reporting has been accepted or processed, no new facts or clues of informants to report when no longer be accepted.
Second, note
- to encourage real name, real name informants should provide my real name (name) when making a report, document number and valid identity information telephone number.
- Respond limited real name reporting centers and Zhengjianju accepted.
- please fill out the form to report each item. Fill out the "summary report the matter," a time, to write clearly illegal acts involving personnel, time of occurrence, and the main evidence and other circumstances, limited to 500 words or less.
- marked with "*" are required items.
- informants should be realistic, not fabricate facts, falsification of evidence, cheat reward or false accusation against others. Report defraud reward for the use or bringing false charges against others, shall bear The corresponding legal responsibility.
- China Securities Regulatory Commission and each will be in strict accordance with the relevant provisions of confidential informants and report content.
The new policy is already "working":
BREAKING: Shareholders of 9 listed firms incl. Southwest Sec (600369) under CSRC investigation for illegally selling stocks -company filings
— George Chen (@george_chen) July 27, 2015
And that, dear readers, is what total loss of control looks like.
* * *
Instead of repeatting what we have said countless times about what happens when a government finally loses control of not one but numerous credit-driven bubbles of which China now has at least three (the downside is clear: social unrest, rioting, perhaps even civil war should stocks resume their crash to a fair value which BofA said last night is 50% lower from here) here is the running commentary from SCMP's George Chen, whose views on the matter are identical to ours.
China Securities Regulatory Commission urges everyone to report illegal trade and you can report malicious sellers at http://t.co/xNGiLniBLq
— George Chen (@george_chen) July 27, 2015
China Securities Regulatory Commission says to continue to monitor market activities and will forward case to police for arrest if necessary
— George Chen (@george_chen) July 27, 2015
CSRC spokesman: we welcome all parties in society to provide clues about, report those who conduct malicious selloff. Hotline +8610 88060082
— George Chen (@george_chen) July 27, 2015
Remember Mao's Cultural Revolution? Now there is Cultural Revolution in Chinese stock market: welcome everyone to report each other! Insane!
— George Chen (@george_chen) July 27, 2015
My view: China stock market crisis now proved to be more than market crisis but crisis in governance - show how incompetent, insecure gov is
— George Chen (@george_chen) July 27, 2015
Here one wonders why what the Fed and its peer central planning banks have done, by throwing trillions in fresh funds at an identical problem - of both asset values and collapsing confidence in capital markets - across the globe, is any different.
As for China, our visual summary from three weeks ago is more accurate now than ever:
"I shorted" pic.twitter.com/Q3FzGh7gVC
— zerohedge (@zerohedge) July 9, 2015
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Spy vs Spy
Malicious sellers = farmers and teachers about to lose life savings
Criminal brokers = market participants about to be jailed for henious, wicked universe destroying opposition to Central Planning
Maoist Central Committee = EVRYTING AWESUM IN CHINA (except malicious sellwers and bwokers)
Round up the Children of Central Bankers China!!
Kill the money changers!!
RIPS
China imploding right before our eyes.
What about China being the next leader of the world?
Not saying Amerika is a shining beacon on the hill but China takes the cake when it comes to corruption.
pods
I wish we had the guts to do this in our country too. Short sellers bring pain and misery to millions of people, decimating peoples' retirement funds and wiping out investors big and small. There really is no reason why short selling should even be legal - it's financial terrorism pure and simple. And although it may seem benign, the impact of this financial terrorism is far greater than a regular suicide bomber could ever be. We need to start calling short selling out for what it really is, and start bringing these crooks to justice before they destroy every stock market on the planet.
I'll bet you're a freaking GOD on HuffPo.
How do you prove it is non-malicious? Simple, slip money to the regulators. Problem solved. Sell and short away!
may as well rat out those who are buyers too...cuz obviously they bought too low and should have waited for the stock to go up higher first before buying...
...wait a minute, what???
A totalitarian regime that wants to keep the stock market elevated: don't go long gold, go long LEAD!!
The Chinese peasants need a scapegoat. Our peeple shave the Confederate flag to blame; the Chinese need a symbol to cast the blame for all their miseries.
Very difficult to look in the mirror when things go wrong.
Where can I get my Little Red Book of Investing? https://propagandum.files.wordpress.com/2013/03/little-red-book.jpg?w=783
One Problem is the Chinese don't have a Messiah to lead them through a rekovery like we do. They need moar green shoots speeches, "never been a better time then now" slogans, "everything is awesome" mantras, and so on...
I saw a guy selling stocks. I think his name was Lee. Yep, a Mr. Lee. Black hair, kinda short with almond eyes.
pods
So how much is the Central Committee paying you, Mr. Million Dollar Bonus (Boner?), to troll these sites and post your Maoist/Marxist bullshit?
You must be new here....
Hey, I think I know that guy.
You better stop that MDB or you may get a phone call from CNN or the Pentgon offering you a job.
All shorts or just naked shorts?
You are clueless. EVERY stock that is shorted has to be bought back, just like every stock purchased is eventually sold. When there is a market selloff who stops the bleeding? Short sellers, they buy and cover. With no short sellers, only a few speculators will jump in.
You're either a troll or a clueless ignorant.
Mamasan, he's both
Green or red - I can never decide.
This is the most 1d10tic comment i have read since im on ZH.
What an incredibly stupid & ignorant comment.
Naked shorts? How can you be naked if you're wearing shorts? Do these pleats in the front make me look fat? I can never decide. At least I have enough sense not to wear white ones after Labor Day.
~Theo
(channeling Gracie Allen)
but then ZH will lose most commenters if you do that
I maybe, sort of, kinda could see your point with naked short selling,,, but I really don't see a problem with shorting with 'real' shares.
One does want to make gains,,, doesn't one? Retirement funds and the like should be in safe bonds (the way it used to be) not in volatile stocks.
MDB
Hell yeah... let's ban selling completely.
I'm not sure where the line is between a comedian and a clown but as usual your comments go in the chuckle-box.
K
"We need to start calling short selling out for what it really is, and start bringing these crooks to justice before they destroy every stock market on the planet."
These fucking "crooks" have no respect for those honest "buy and hold" investors.
As a follower of yours for years I will state this is one of your finer works. Just check out the comments. The hate, the vile repulsion, the lack of understanding of what true sarcasm entails.
Good work, MDB.
You're still a dick, though. Playing along with the lemmings.
Hey China,
I would like to rat out every living creature at Goldman Sachs as a malicious seller.
Your Welcome,
V in PA
Right. Surely they mean the ones dumping $1B worth of gold & silver contracts at a time.
Well Pods,,, at least their doing it to themselves,,, not bombing others to the stone age or trying to start wars in order to firm up their economy.
Not yet at least.
.
substitute; USA for China; USA markets for Shanghia; High frequency traders for cheaters - same thing, different country, same result.......
"malicious sellers" with the regulator adding that those found guilty of shorting will be "dealt with severely."
You probably don't have to look any further than the regulators themselves. I doubt many of the millions of new accounts opened in the past few months and buying on margin are very knowlegable on short selling.
Malicious sellers of stocks...
COMMUNISM/MAOISM MUST BE DESTROYED
Then you'd better start selling your stawks.
Stupid chinkos....so even if I bought years ago and is making big unrealized gains, I cant cash out???
In china, it takes a buy to be able to sell, only until recently was Short selling allowed and it was probably the likes of Soros and the people associated with Goldman, JPM who probably shorted the shit out of the SHCOMP at the highs that the Chinese regulators should be after, not the local sheeps who got duped into buying on margin.
Those photos are pretty gruesome HH, but a strong reminder of the importance of the Right to Bear Arms. Those were such hard times for those folks.... Same with the Stalin era in the West.
how come they don't shoot the gold sellers? Don't people have a lot of gold in China and when the price drops doesn't taht mean a loss for them too
They will force people to sell their gold and force buy stocks next.
Nah.. they just need to be re-educated to BTFD.
ah ohhh...she thought the Central Committee said "SELL the fuking dip"
Only problem with shooting people in the back of the head is that it's hard for their loved ones to identify them.
In China, as a matter of convenience, the government prints the name of the executed loved one at the top of the invoice for the bullet, which is delivered to the family in lieu of any viewing of the body.
Well HH,,, the one thing I have noticed is Americans can no longer be shamed,,, which is what PCR was alluding to,,, no character and no morals. Anything goes.
China/Asia could still be doing this but doubtful it would stop Merikans and other 'civilized' westerners from buying their favorite Ithingys and gizmos.
When the FED runs out of ideas to levitate equity prices they can borrow a page from our Chinese capitalist market friends
What happens when you sell out to George Soros!
i love ya hedgless...but could have done without that image in my head. very painful reminders to country brutalized by Mao.
This time, things will be very, very different in China...
For every citizen enduring this horror of inhumanity, a million of the government's evil minons will be destroyed.
You cannot commit such barbarism in the face of the internet without forcing tens of millions of fellow citizens to rise in fear of an anethema gone completely mad.
The sons o' bitches in charge are now in their last days; Tienammen Square II will finally ingulf them, and it's bloody looooong overdue.
Rise China...Rise NOW.
I wonder if their domestic counterparts are paying attention?
m
Yes, this time, things will be very, very different in China...
The Chinese are fat, rich, and happy. No revolution anytime soon.
well, thank God they aren't too fat yet. :) It's still not a bad view to follow hundreds of nicely dressed women down a chinese sidewalk...with their ponytails waving at you and petite figures. The relationship among Chinese women is also very interesting and very non-American, where if a Chinese girl needs to lose 10 pounds the other girls will tell her straigh-up that she is fat. Nothing like our "fat is beautiful" propoganda machine here in the United States of Fat America. :)
Any nation,,, any form of government, has their slime that have no problem popping anyone the man says to,,, and then high fiving at the pub that night.
This depicts the nation American, and other western corporations (can you say Apple) shipped their production to and clearly shows their lack of concern over atrocities like this.
Soooo, who's the sick puppy?
Morale isn't improving with floggings, time to drag out the guillotine....
Welcome to hotel "China market"....you can never leave.....you can never leave.
mt gox reloaded
The funny part is that most of the sellers are foreign firms whose governments would likely refrain from extraditing said "malicious" short selling participants.
I don't believe the US and China have an extradition treaty.
Sorry to note true things, clearly someone's attempting to catch a falling knife and failing. China would literally have to shut down it's market access to any foreign entity in order to stop the bloodbath. There is very little domestic selling going on here.
Here's what I think is happening....this is purely a behavioural analysis.
It's not the shorters. it's the people who were holders of the stock...particularly insiders or perhaps those holding formerly 'restricted shares' who are now seeing portfolio balances decline. These are the people who watched their 100k position go to a million. believing they actually had a million dollar (equivalent) portfolio they do what Chinese people do. Chinese people are financial exhibitionist. So, if you're a millionaire, you must show it off. so they buy new homes, cars, purses, etc on borrowed money. This is what I think of as the true street level leverage. Then, when the portfolio starts to turn south...eventually, they all must get out (after all, they did just buy a $5,000 purse and a new BMW on credit).
this rush to cash out is just to cover their personal exhibitionist tendencies. They can hide their losses in the market...sort of. They can't hide losing their new BMW.
ps. I love China, and like traveling in China more than anywhere else in the world. My best friends are Chinese....so don't take this as me slamming Chinese.
How about starting with Bloomberg that runs fake story on IMF asking China to stop its intervention in Chinese stock market causing collapse in last hour of trading. Michael Bloomberg is a very big rat despite his small stature.
Hear Here!
Maybe China should pay a visit to all those whos mothers were central bankers.
RIPS
so, um, they want to stop organic activity? who do they expect to be the selling part of the trade? the central bank?
off with their heads...
Excuse me...what do we do with witches?
hire for quidditch game...
BURN THEMMMMMMMMMMMM!
That China, what a great country!!!!!!
And the world keeps doing business with this trash and sanctions others.
I think the BRICS is going to be the most short lived bank next to the Tennessee bitch who prints money bitchz
Any bank not founded on sound preservation of 'money' (no fractional reserve, no unfunded liabilities) will fall hard, especially in the exponential phase of the 'growth' function. Given that all currencies are in said exponential phase, there should be no reasonable expectation that an alternative BRICS bank should 'succeed', whatever that means.
Don't know much about R and S of BRICS, but BIC is corrupt as holy fuck, likely in on the whole thing from the top-down control structure perspective. Just because they are an 'alternative' branch doesn't mean they are any good. Controlled opposition, as many on ZH have figured out.
Nicely said.
The squid will always have plan B. This is like you say, controlled opposition. It is nothing more than the red/blue team fiasco we have here in the usa.
The Chinese do indeed belong to the satanic NWO see this...
http://revelation12.ca/?p=2089
And after Sandy hook China stated America should be disarmed. Clear on that.
Pssst.. I hear Jim Kramer is selling...
Commuist party is selling.
Is Jim Rogers selling??
WTG China! Arrest those short selling cocksuckers!
That's maricious!
To anyone who asks what this will do to faith in the markets, the answer is it doesn't matter. These people aren't PLANNING for future markets, they don't CARE.
All that matters at this point is outlasting the other guy. The Chinese won't let their markets tank before ours, and vice-versa. Watch for even more obvious and outrageous manipulations, from both sides, as everything starts to wobble.
The last man standing helps write the rules for the new system to follow.
Rounding up the stock sellers already.
https://www.google.com/search?q=china+shoots+milk+scandal+leader&espv=2&...
yes, "illegally selling stocks" .....
have no clue of stocks and whatsoeva but that clearly sounds funny
"may i btfd, dear overlord"
"no, son, dont buy from illegal sellers"
we margined some folks came to my mind next.
ALL YOUR STOCKS ARE BELONG TO US!
If you can't sell it, it is not a market.
You are just an old fashioned fuddy duddy. Get with the new paradigm!!
NYSE, NASDAQ and S&P will be DDOS'd by Chinese uber hackers in 4... 3... 2... 1...
And when that happens?
Anticipate an announcement from chief of U.S. Naval Operations for CINCPAC that the U.S. Navy is seeing something too hostile for them to ignore near those disputed Senkaku Islands!...
boy quite the effort to keep the Dow losses below triple digits today....
surely!
Wouldn't be surprised if their markets don't open sometime this week.
I see a glut of organ donors on the horizon.
The Chineese authorities could use the proceeds to help backstop the margin calls, should be huge for the transplant rejection drug and bio-engineering stocks, turn some of those empty cities they have built into high end transplant destination centers, we are talking huge growth potential. The food industry and related services for example, the comfort girl stress reduction therapy companies should see significant growth in and around these transplant cities. A simple reversal of the one child policy would translate into a virtually limitless supply of transplant donors which will justify the sky high valuation of these and related Chinese stocks.
Anyone else think of the Jack Nicholson/Leonardo DiCaprio "rat scene" in The Departed when they read this headline?
are you shitting me? this ain't criminality-- this financial sabotage happening in china today by the west. it sounds moar like the ussa today ferreting out political descent on penn. ave. !
the witch hunts are here at home guised as 'hope & change' with a FRBs accountable to know one. communist/fascist america is the word!
what a shitty propaganda read...
terrible
Only a bunch of godless communists can provide (make up) the definition of 'malicious selling'. What a complete JOKE. You can pretty much be assured that everything the red communist chinese running the 'market' is a flat out lie.
Well, I guess the Federal Reserve should be considered Godless Communists due to the fact that they maliciously sell short contracts of paper gold in the billions of dollars so as to protect the dollar from having to compete with gold and silver as money.
Barry: "Hello, Comrades!"
(Fed Employees:) "Hello, Commandante!"
chinese culture for ya. ...
try waiting in line for something in China .. I rest my case.
I bet there is some Chinese government official watching "Trading Places", and declaring,"I would have made them turn back on the machines".
Anyone believe obamao would not resort to this?
No. As some say here, and I agree, the US gov views the "market" as a national security issue, and under that thinking, there is no limit to what can be done.
"Reggie, we may be hanging by our heels, but I would still have tried to exterminate YT!"
"That's a big pistol at your head, Munchkins. Goodbye."
I would like to rat out:
Ma Lee Shus, Ho Lee Fuk, Wi Gok Rash, and Bang Ding Ow
Interestingly , every large government with a clear tendency toward individual liberties restrictions always makes up some sort of invisible enemies/evil when the music stops .. I wonder why.
The ministry of love will take care of all your problems
Ho lee phuk
Short sellers actually help slow a drop in the market as they are 'buyers' when they are taking profits So in fact the drop will be much faster if there are no buyers
Pee Chi Fok da Ma Da Fuk Ka.
I'm pretty sure you can't have a free market without price discovery and I'm pretty sure you can't have price discovery without being able to sell. So, again, fascism parading around as communism trying out fashionable elements of capitalism makes the oligarchy very wealthy and everyone else very poor.
It's the same everywhere you go, you can't escape from fascism so my conclusion is the nazis have won by losing WWII outwardly but they conquered the world inwardly.
So, the secret to success in Chinese equities today is to sell more quickly than the other guys without selling so quickly that you stand out and attract the attention of the government, and without looking like you're enjoying it too much? It's true what they say, successful investment is an ever-changing challenge!
secret is to sell 2 house and 3 apartment in San Francisco before next real estate crash in america
At this rate I'd want to hold on to at least one bolt-hole in the US regardless of its resale value.
Yeah, you can always come in through Mexico.
How about a decent, comfortable mobile home on a small, cheap rented lot, month to month lease?
When do america investigate china public listing on wall street that were fraud?
Short selling in the traditional sense of borrowing stocks and selling them should not be allowed in these markets. There is no need to short sell a stock when you have an options market.
"There is no need to short sell a stock when you have an options market."
Options simply introduce leverage into the equation. Traditional short selling involves less market risk. Imagine what those selling calls tied to the broad indexes in China have been going through over the last 6 months. Roller coaster on crack.
Fuck China.
Sad thing is Obama is probably drooling at what they get away with.
"Damn. I could get rid of YT if this was China!"
What are you talking about? He's already way ahead of them.
Even as the stock speculators were gunned down, they were writing "Long Live Mao" in their own blood against the killing wall.
Yuan reserve currency? Can't wait.
Right. Let's just skip that and go straight to silver. No more banks, either.
The little guy goes through life owning nothing. Even all his money is borrowed and what he does with it totally controlled. What a pathetic planet we have. Can't imagine what this place will be like in another 1000 years. Good chance humans won't even be here anymore at the rate they're going.
Please pay particular attention to the final point:
CPK
1. Financial crises are part of a process. If we do not understand the process and how it links to the economy and economic expectations that are themselves unreal, we will not be able to take actions that tame financial crises in the future.
2. Financial crises arise out of excessive optimism about innovation, economic prospects and policy control. Unfortunately, optimism is also an important driver of innovation and economic growth. Human beings have to contend with these contradictions.
3. A central policy question is how to control all avenues of money expansion, personal wealth (new money) and personal credit demanded (credit demand). An important indicator of “over gearing” is when cash requirements are too low relative to the prevailing and prospective price.
4. Jawboning doesn’t help. History is littered with central bankers and Treasury officials who have cautioned against, to use former Chairman Greenspan’s term, irrational exuberance—and with the same result: rejection, even derision.
5. The process of displacement can take years, even decades, but the actual period of excess historically is very short, often only a couple of years. Thus, efforts to moderate and reduce the tendency for crisis have to rest within the ongoing economic system, including policy, and cannot be introduced only when the peak occurs. Then, it is too late.
6. Revulsion also takes years. The lender of last resort plays an important role in the healing process, but the temptation to force the process too quickly creates new problems.
7. Finally, almost all modern financial crises are international in scope.
"The lender of last resort plays an important role"
You failed to mention the lender of last resort is really Joe Public; when Central Banks (the Fed) and governments (the bought-off politicians) tap into the "full faith and credit" of the nation.
What are we going to do when the last private-sector, non-crony, non-stock churner, wealth producer says fuck you guys and your papered-up conjured-up mirage that you call an economy.
K
"And standing here tonight...
I'm afraid that I don't hear a thing."
from Margin Call.
Amazing, but expected. What is it, Chicomism?
Regular Americans are sick of sleazy, slimy, communist fifth columnists like McPain, Bath House, and Ms Lindsey.
"You will be Our Slaves!"
"Suck our Homosex Dicks, America!"
Homosex will be the Law of the Land! Heterosexual sex will be punished by Death!
"We will Pervert Everything America stood for. Your children will be our Sex Slaves!"
Hahahahhaha!
McPain: Look at all these kids, Bath House! Recruits for our Satanic Majesty!
Those damn short-sellers turned me into a newt...
The Kenyans may not want to go Gay, but I am hoping you Ethiopians will get in line to suck dick."
the A50 is very close the 10000 support level. This level was the lull in the bull market on the way up, if it gets broken I'm short.
Free markets should be free, intervention only breeds doubt!
This dump out is going to ripple through all markets, watch the 10000 level.
China is going into a depression as consumers stop spending. Oil consumption will dive and the U.S. Credit markets are on toast.
Obama should have kept Iran on the hook a bit longer, dump arse has no sense of timing.
Buy productive agricultural land, best investment for next decade.
Soon their mantra will be, “If you don’t own any Chinese stocks then you must have sold them. Therefore, by definition you are guilty”.
The other guy did something that made me lose money on my "investment"...seems "malicious" to me.
This is not an onion story?! Strange times.
Hello. I am Bill DeBlasio, AKA frank Smith, AKA Joe Blow. AKA Joe Nicaragua, AKA Abram Funkstein.
I have read a lot of books and I am superior to all of you. I even married a nigger lesbian! I have to get sex from my kids, but nobody is perfect.
You fuckers will follow my Rule, because I am Your Intellectual Superior. The Soviet will Rule NYC!!
“China has finally reverted to what [a] communist regime does best to preserve “order” – implement witch hunts…”
In China they do it by whim… in the US it is done by legislation.
By the act of Congress that established the Department of Homeland Security (DHS) a system was created by which informers (witch hunters) could make false allegations against anyone they please with near-total impunity. Of course, such informers aren’t described as informers; rather they are given the title “submitting person” and the DHS Act provided that their falsehoods will never be examined by any court or legislature or law enforcement agency. The legislation even specifies how this immunity is obtained. The “submitting person” only has to give an “express statement” that his lies were “voluntarily given” and that he expected “protection from disclosure”. It’s all there, in the act that created the DHS.
And the problem, from our perspective, is, ‘How do we protect ourselves from their murderous political system?’ How, for example, do we protect our property (from physical gold, to businesses, to stocks and bonds (domestic and foreign)) from seizure by the DHS? Furthermore, how do we protect ourselves from informers now being recruited, trained and protected by the DHS?
I’m sorry guys, but silly season is over. Even if you own physical gold, live in a cabin in the woods along with a stash of ammo and AK-47’s, you lose. If you don’t fall to the horde of hungry homeless, you will fall to DHS death squads. All the homeless have to do is to wait until you collapse from lack of sleep (24, 48, 72 hours), then they march in, slit your throat and… let your imagination run wild. It seems you’d want better for your family.
If you own stocks or bonds, guess what: you’re depending on criminal and useless classes to deliver your purchasing power at the moment of their greatest victory. Did I mention something about ‘silly season’?
If you want to survive, you have to combine with others of like mind for the purpose of mutual protection, among other purposes. The big question now is, ‘HOW is this to be done?’ And the quick answer is, ‘You must establish First-Amendment assemblies – the only historically-proven method by which men have made their lives and property secure from rule by thieves.’
The American Revolution, for example, was powered by a large network of such assemblies: from town meetings, county meetings, state conventions and, ultimately, to Continental Congresses.
Let’s be realistic: this solution won’t be easy or quick… unprecedented adventures never are.
Those DIRTY SELLERS how dare they!
Everyone knows China market only go up!
https://www.sec.gov/news/press/2008/2008-211.htm
Never happen here, right? Such prose~
“The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets. The emergency order temporarily banning short selling of financial stocks will restore equilibrium to markets. This action, which would not be necessary in a well-functioning market, is temporary in nature“
~right, temporary, as in six years later, still manipulating the fuck out of our markets.
Jon Corzine is buying Chinese stocks as long as he can pay for them with client funds.
I hope China makes it. I love their colorful little lawn gnomes.
When the Dow plunges, what will happen here?
Chinext goes up 160% in six months nobody bats an eye.
Chinext drops 40% and everyone loses their minds.
Propaganda and deception.
Do the math. 100% up and 50% down and you're back to where you started.
Is ZH being used to generate Chinese fear porn?
I'm sure the Chinks don't mind.
They hope gold goes to $900 US.
They keep buying gold.
Humans are such dumb creatures. I don't understand how anyone can have faith in the human species given seeing the daily doses of stuipidity like this.
Yes!!
But on the positive side - there is a Big quid-pro-quo coming. You can't really operate an entire planet this way, and imagine the final outcome is One Big Happy Family. It's not. The 21'st Century should do a lot to change people's perceptions about greed, ignorance, and addiction to short-term profits :-)
They sure talk funny over there in Chinaland, maybe they do math funny, too.
Their markets have turned into that Chinese escalator
http://www.telegraph.co.uk/news/worldnews/asia/china/11765015/Chinese-wo...
Are there any other bubbles bankers can lend money into?
Debt has been around for 5,000 years but bankers still don't understand their product.
"What is wrong with a NINA (no income no asset) mortgage?" US banker pre-2008
"What is wrong with lending more money to Greece?" European banker pre-2010
"What is wrong with lending more money into real estate?" Japanese banker pre-1989
Banking, a job for every nation's half-wits.
well ... its looks like some of the Smart Money found a way to exit China!
HAHAHAHA!!!!!