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Chinese Economy Crashes To 2-Year Low; China Stocks Plunge, Asian Stocks Test 2015 Lows
Yet again the endless reasurance from the talking heads of the world is proven fallacious as the crash in China's stock market has apparently crashed its economy. China's Manufacturing PMI final print for July collapsed to 47.8 - its lowest since July 2013. The reaction is not pretty. China is down 4-8% from Friday's highs (led by high beta high-flyers in ChiNext), most Asian markets are down 2-3%, and the broad MSCI Asia Ex-Japan index is once again testing the lowest levels of 2015. But apart from that, China is contained...
Economy collapsed... but but but the clever people on TV said it wouldn't matter that stocks plunged?
Chinese stocks tumble...
As does most of Asia...
Which has smashed Asian stocks to their lowest in 2015...
Charts:Bloomberg
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If the NWO is going to fight WWIII against Russia and China the last thing they want is a booming Chinese stock market.
It's on like Donkey Kong.
If a Shanghai hedge fund manager jumps off the top of a skyscraper ... will the air pollution reduce his terminal velocity?
No, but it will eat all the flesh off his bones before he hits the pavement with a dry cracking sound.
less than 10% of chinese pop. are in stocks lol
just imagine what's they catch up to the US in terms of RRSPs and mutual funds
Less than 10% of Chinese citizens have more than two nickles to rub together. They have a lot of catch up to do.
You are ignorant. Almost every Chinese citizen has a substantial savings account. You must be an American-broke and ignorant.
Every young Chinese guy I know is complaining that he can't afford the house and car that he needs to wed...
I guess you hang with the old crowd that's had years to money up. How them prunes and Beijing operas?
deflation of commodities, the maincourse being served right now. chinas demand is about to face the reality of servicing the debt with declining growth. opps -we up side down, and for many, they have never experience anything but growth. truely a bubble that even the best central planners are going to have trouble liquidating out of. foriegn reserves are dwarfed to the huge sum of outstanding debt during the great exp[ansion fueled by cbs around the world stimulating economies violating the natural contraction from business cycles. keynsians unite and print, your only option when cornered on a grand scale, fuck da math...
having Chinese GF from her own mouth: many Chinese have at least two house...
so they have two house rub together, not much else
Oh, the drama.
No, he'll just get stuck.
… he MIGHT experience a
“dead-cat bounce”!
I know the New York Jewish boys club doesn't have ours scheduled until September, but it just seems awful early for Chinese New Year.
The Chinese and the Russians are stupid. They are on the same side as the Americans and the Europeans.
The Chinese make their people work for slaves' wages so that ruling class Chinese can sell the goods and services the Chinese lower classes produce, to the Americans in return for undefined (essentially worthless) electronic digits known as U.S. Dollars.
Anybody who consciously gives something up for nothing is stupid. The Chinese are stupid.
The Russians are stupid.
It is clear that the Americans are Russia's enemies and that the Americans have already declared war on the Russians by imposing illegal economic and financial sanctions against the Russians.
Yet,
The Russians continue selling their oil and gas to their enemies for essentially worthless electronic or paper digits that their enemies create out of thin air!
If The Russians said that they no longer sell oil for dollars, the dollar would cease being a globally-accepted reserve currency and thus eliminate the Americans' exorbitant privilege to print dollars out of thin air and pay for their wars and crimes against humanity with them.
The Russians could win their war with the United States without firing a single bullet and save the world from nuclear armageddon by effectively disarming the Americans and their European allies.
But,
The Russians refuse to win this war without bloodshed.
Hence,
The Russians are stupid.
Nice rant. You may be in need of a little bud.
"Nice rant. You may be in need of a little bud."
FUCK HIM.
I WILL RANT FOR BUD.
hey dude, get current, da ruskies and china are selling oil in their own exchanges w/o da dolla. all major shifts start out small and gain momentum unstopable. but first we have a very serious overcapacity situation created by an epic bubble created by cbs worldwide that must deflate. ask austy minners how it is working out? then check into chinas demand side in relation to output, then do the debt servicing math and think/realize this is the beginning stage of a global reccesion about to be papered over by keynsian cbs worldwide. just starting folks. can they do it again?
Idiot,
How could the Ruble lose half its value in less than a year if the Russians were selling oil for rubles?
Even the supposed deal of the century between China and Russia fell through, where they were going to use Yuans instead of dollars in their dealings between themselves.
Russians and the Chinese are unadulterated morons.
Chess players, my ass.
All they can play is, with themsevles while American, Jewish and European bankers are giving it to the Chinese and the Russians good and hard up their collective asses.
Idiot,
How could the Ruble lose half its value in less than a year if the Russians were selling oil for rubles?
Even the supposed deal of the century between China and Russia fell through, where they were going to use Yuans instead of dollars in their dealings between themselves.
Russians and the Chinese are unadulterated morons.
Chess players, my ass.
All they can play is, with themsevles while American, Jewish and European bankers are giving it to the Chinese and the Russians good and hard up their collective asses.
Here is a faggot, sorry, a real red-blooded American, who enjoys imbibing his boyfriend's essence from aluminum cans.
Enjoy your hobby, along with your freedom and democracy.
Here is a faggot, sorry, a rreal ed-blooded American, who enjoys imbibing his boyfriend's essence from aluminum cans.
Enjoy your hobby, along with your freedom and democracy.
I prefer real Belgian beer, not that faggot American urine extract aged in genuine aluminum cans.
I prefer real Belgian beer, not that faggot American urine extract aged in genuine aluminum cans.
It's a serious mistake to underestimate the Russians and the Chinese ...
... and yet you extend your fallacy in the other direction stating,
"If The Russians said that they no longer sell oil for dollars, the dollar would cease being a globally-accepted reserve currency"
Nonsense ... Russia does NOT have that capability.
Saudi Arabai and OPEC have that capability and are likely already telling American Congresscritters that they will take that route if the "Let's give Iran nukes" agreement isn't defeated SOUNDLY. They will privately tell them that if they don't and Obama proceeds on his intended path, they will join with Israel and other countries in destroying Iran.
And before anyone weighs in with, "Obama woulld attack Israeli planes ..."
No, he won't - because a nuclear aircraft carrier or two would be destroyed by "Iranian anti-ship missiles" just before the attack on Iran is launched. (please note: I am not saying the Iranians would LAUNCH the missiles.)
$ 2 billion in hardware sunk and thousands DEAD - even the MSM can't spin that much dead weight.
Europe buys an awful lot of oil and gas from Russia. If Russia refuses to supply America's bitches, the Europeans, for Dollars or Euros; the price of gold and silver will rise, blowing up the derivatives and the debt that is the foundation of the Western banking system.
All it takes to take the Saudis out is concurrently to advertise the fact that the Saudis are defecating on their holy book the Koran which says that only gold and silver are money. The Saudis are selling out the Muslim world's heirloom for the infidel American's satanic dollars.
See,
No need to kill thousands of innocent American sailors nor pollute the seabed with nuclear debris.
We can do this shit ecologically.
Don't be stupid like the Chinese and the Russians.
For
The Russians and the Chinese are even stupid-er
Than the stupidest American.
confusing the US Constitution with the holy book of Islam?
He refuese to tell me who died and left him maestro.
From the Wikipedia:
"... Islam considers commodities with intrinsic value as currency. The following are some examples of commodities that can be used as currency: gold (as Gold Dinar), silver (as Silver Dirham), rice, dates, wheat, barley and salt. Paper money or electronic money can be used as long as it is backed by one of these commodities at a fixed exchange rate (in other words the paper is just a contract stipulating that the bearer can redeem the paper for a fixed measure (weight) of that particular commodity)...'
Islam forbids usury as well. Today the bankers create fiat out of thin air and charge you idiots interest for using it as money. That's worse than usury.
We're all Chinese now. Or maybe Turning Japanese.
In any case, you're all sucking banker dick, cock suckers.
Where did you get the idea that Chinese work for slave wages? Have you ever been there? Over half the country is middle class now, and they have a savings rate of 36%. 64% of them pay no mortgage or rent because they own their home outright.
Turn off the Fox News and leave your trailer park sometime. It's a big world out there.
Anybody who thinks he paid off his house by sending free shit to the Americans,
is
full of shit.
For now, their house is surrounded by idiots like them who think slavery is freedom.
Anybody who gives up real goods and services in return for dollars is a slave because he's working for free for somebody else who is only interested in using and abusing them.
When their dollars become worthless,
How will the Chinese transact? With US dollar-backed Yuans which will become worthless also by default?
Or will the Chinese resort to barter trade, i.e. sucking each other's dicks?
I'm all for bartering with Chinese women,
As long as they stop talking with their mouths full.
Chinese women are wicked barter traders with awful bad breath because they eat cats and dogs.
Fuck the Chinese.
That's the American way.
Lol. 50% are middle-class? Now you're just making up numbers... totally gone native and picked up the Chinese skill-set of data-magicking.
Barely half the Chinese population is urban, let alone middle class. Keeping awake on the train from Beijing to Xi'an will give you plenty of countryside to survey. Old style buildings with tile roofs, muddy streets. That's not middle-class, bro. That's a rural countryside that was never factored into the China Dream of megalopolises.
Now, even the half of the pop that does live in cities... You and I both know that a lot of homes in second-tier cities are one-room affairs. They look good on the outside, sure, big red metal door. You know the type, with the large doors out front, that open into a courtyard of smaller rooms that don't have private toilets? Plenty of those in cities. Nice and affordable on 2000 RMB ($350) a month wages, which is the starting salary for a civil servant.
It's big world out there, sure, and China is a bigger country than perhaps you know...
Horry fuk!
Sum ting wong
Yu Nonomi !
For the RETARDS, I'm NOT politically correct.
The usdx aint going higher. The Fed has lost all credibility.
That's why "smart money" is squaring up, or FLAT.
Come on? Just because short term paper is rising in yield? Call me tomorrow Bitchez
Bond traders are hedging.
Which central bank hasn't lost all credibility? It's a race to the bottom
Yes. All central banks are complicite.
The SNB and BoJ are just giant hedge funds.
IF those fuckers couldn't counterfeit they'd have broke the buck, lost the roll, and shut the doors.
One problem re: the USD - ~$9 Trillion in EM debt is in dollars...so the demand for the buck will last for sometime as these "third world" debt slaves scramble to find the bucks to pay their bankster masters.
But tip over some of these EM debts...then watch the CDF's...(not to mention US "high yield" (ie junk) as the economy continues to slide (oh wait 2Q was doubly seasonally adjusted...phew)...
Nevermind - the puppetmasters have it all under control - right up until they don't. :-)
(I wonder if the puppetmasters will rent containers to jack the BDI? Stay calm and graze on! Baaah.)
Maestro this you trolling shitbird
Who runs bartertown
chexit?
I'd rather be short usd/jpy than eur/jpy.
Th euro isn't the new funding currency. The yen is.
It's depreciating across the board, and you don't have to hedge it the same way as the overbought $USD.
The $usd is NOT the right trade to be in. The rate lift is priced in.
Time to round up the usual suspects again for selling stocks. Might just work 'cause China can arrest one million people a year for 1300 years.
Another naughty boy, I reckon...
PPT .... Prunge Plotection Team
Yep. Shanghai Composite ended up down only 1.1%. Not exactly a crash.
I wonder how Chinese government will manage the slowing of the economy 47.8 is a contraction of market share.
The first chart look almost a Japanese one !
The US, Canada, Western Euroland are being over run by Muzzies ... China wants none of that .... they will trade with them and buy up their resources on the cheap .... but, don't want them invading the homeland .... that's a reg up for China !
Hrrm... You say, "Muzzies in China... No way!" and I respond, "Muzzies in China... Yes, Hui!"
China has a straight forward way of dealing with the barbaric cult - round them up, put them on trial and them kill the bastards. (Personally - I like the chaos method of Muzzy control - stir up the ME and sit back and watch them kill each other...(Thx Georgie and O-No)... It is working. Now with this BS "treaty" with Iran...the applecart has been tipped even further. Here comes a nuclear ME...
We be raisin' Mushrooms in the desert! hot damn!
OH and BTW - who benefits from the "let them kill each other" strategy? The two biggest power blocks on the planet...the banksters and the arms merchants. All according to plan.
stir in some sriracha and hot peppers!
Don't worry, China's contained.
So do you have the great fortune to live in the most insolvent state in the union too? (Or do you live in the "Royal Peculiar" off the coast of France?
No mountains there...not that New Joysey has much to write home about...)
Can you say, "Statewide Detroit?" But fear not, we won't be alone when TSHTF...oh no, we will have lots of company.
Check this out...as close to apples to apples, same as you might evaluate a company's balance sheet.
http://mercatus.org/statefiscalrankings
UPDATE: Damn I see Illinois took the bottom! There goes that honor. Corrupt union Democriminal states. Raping the public for decades.
"Mountaineer" refers to my alma mater. Although my area of Jersey is fairly mountainous... By NJ standards... Which isn't saying much.
China Is Contained? Really?
Oh let's see. The Real Rulers of the United State have become totalitarian, and have, in some fit of drunken hubris, sold our productional system down the old Mississippi to the totalitarian Real Rulers of China. So China now has a reasonably comprehensive productional system while the United State does not. So they get 5th generation jet planes while we build F-35s and Space Shuttles.
Russia, having unloaded its terminally corrupt satellite states, is also slowly building a comprehensive productional system. The possession of such a system is all that matters. Fancy derivative contracts and digital “money” do not, at the end of the day, produce tangible goods.
The Chinese “market” doesn't matter at all, since they possess the stone-cold reality of a comprehensive productional system.