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Chinese Stocks Are Crashing; Yuan Devalues, Deposit Rate Spikes To Record High, Japan Denies "G7 Response" Planned
Following yesterday's bloodbath (and the continued carnage around the world), AsiaPac stocks are lower with Japan unable to mount any sustained bounce despite every effort to lift JPY. The propaganda-fest is in full swing as Amari claims JPY is safe-haven asset and Aso denies any coordinated G7 response is being planned (which means they are all feverishly trying to figure out how to 'save' the world again from a 4-day stock drop). China is ugly with stocks down hard in the pre-open (CSI-300 -4.3%) as offshore Yuan depo rates spike to 22.9% - a record high - as liquidity outflows must be accelerating (as PBOC adds another CBNY150bn liquidity). China devalues Yuan 0.2% - most in 11 days.
Carnage -
- *CHINA SHANGHAI COMPOSITE SET TO OPEN DOWN 6.4% TO 3,004.13
- *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 6.3% TO 3,070.01
This is the 5th day of crashing Chinese stocks in a row...
Chinese Stocks are down 14% since Friday!!
Year-to-date, Shangahi is now down 6.2% and CSI-300 (China's S&P) is down a stunning 15%!
Where China will stop (or atleast aim for) - when QE-Lite (PSL) was unleashed...
The Japanese are in full propaganda mode...
- *SUGA: WATCHING MARKET MOVES ATTENTIVELY
- *ASO: FX MOVES HAVE BEEN ROUGH ("rough" - well that's one word for complete and utter carnage)
- *ASO: CONTINUING TO CLOSELY WATCH MARKET MOVES
- *ASO: I HAVEN'T CONTACTED U.S. TREASURY (which means he has!)
- *ASO: NOT AT STAGE FOR G-7, G-20 RESPONSE (which means there is)
- *AMARI: UP TO BOJ TO DECIDE ON ADDL EASING (how's that last QQE2 working out?)
- *AMARI: YEN IS BEING BOUGHT AS SAFE ASSET (nope it's a forced carry unwind sorry!)
- *AMARI:YEN SEEN AS SAFE ASSET SHOWS VALUATION OF JAPAN ECONOMY (what utter crap!)
So we await the coordinated response to the global vicious circle of carry unwinds and forced liquidations... but remember, RRR cuts so far have done absolutely nothing to hold back wave after wave of frenzied malicious Chinese sellers just wanting out of the ponzi.
The talk is not working as Chinese stocks are weak in the pre-open...
- *FTSE CHINA A50 SEPT. FUTURES DROP 3.4% IN SINGAPORE
- *CHINA CSI 300 STOCK-INDEX FUTURES FALL 4.3%
Some good news... China is deleveraging...
- *SHANGHAI MARGIN DEBT DECLINES TO LOWEST IN FIVE MONTHS
As China devalues Yuan by most in 11 days..
- *PBOC WEAKENS YUAN FIXING BY 0.2%, MOST SINCE AUG. 13
- *CHINA SETS YUAN REFERENCE RATE AT 6.3987 AGAINST U.S. DOLLAR
And China adds yet more liquidity...
- *PBOC TO INJECT 150B YUAN WITH 7-DAY REVERSE REPOS: TRADER
The desperation to keep liquidity from flooding out is very evident:
- *ONE-WEEK OFFSHORE YUAN DEPOSIT RATE JUMPS 840 BPS TO 22.9%
- *YUAN DEPOSIT RATE HEADED FOR RECORD CLOSE IN HONG KONG
"Some are converting yuan back into USD or HKD amid the devaluation,’’ says Lawrence Kung, head of deposits department at Wing Lung Bank in Hong Kong
* * *
Hope continues for a huge broad-based RRR cut but The PBOC - just as it said - remains fixed on small targeted liquidity injections. This will not please the 'people' or Jim Cramer... "they know nothing."
* * *
And finally, we could not have put it better than The Onion as they explain how the "Shoddy Chinese-Made Stock Market Collapses"...
Proving to be just as flimsy and precarious as many observers had previously warned, the Chinese-made Shanghai Composite index completely collapsed Monday, sources confirmed.
“Sure, it looked fine from the outside, but anybody who saw it up close knew that it was of such poor quality that it wasn’t built to last,” said Allen Sigman of the London School of Economics, adding that the stock market, which he described as a crude knockoff of Western versions, was practically slapped together overnight and featured countless obvious structural weak points.
“They pretty much ignored regulations, and inspections were a joke. The only surprise is that it didn’t fall apart sooner.” Sigman added that he just hopes there weren’t too many people who were hurt in the disaster.
* * *
We assume that is satire... though it does seem a little too real.
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Ho Li Fuk
Dow futures up 300+ WTF!
Sell while the plunge protection team still has bullets in the gun.
Bonds and gold are down so everything has to be just fine and dandy.
https://www.youtube.com/watch?v=4kU0XCVey_U
hey ......this is just a correction so relax..in fact.....buy...buy buy buy.......its all ok because its just a correction......stay calm.......just DONT BUY" GOLD
YAUN a DIE
They pretty much ignored regulations, and inspections were a joke. The only surprise is that it didn’t fall apart sooner.” Sigman added that he just hopes there weren’t too many people who were hurt in the disaster.
PBOC stepped in to buy at 3000 level
Yuan step from the edge
The problem with Chinese collapses is after you've had one, you soon want another one.
Why am I thinking about some guys cat? Schrodinger I think his name was. Doesn't make any sense.
People around the world are selling the one asset that has value, GOLD, to meet margin calls. The next short term low will be the LAST and BEST opportunity to buy physical ever.
People around the world are selling the one asset that has value, GOLD, to meet margin calls. The next short term low will be the LAST and BEST opportunity to buy physical ever.
It was so good I had to post it twice, for the record.
BABA's taking a big hit:
http://finance.yahoo.com/echarts?s=BABA+Interactive#{%22allowChartStacking%22:true}
Down ~ 50% since last November.
NFLX also slammed on very heavy volume:
http://finance.yahoo.com/q?s=NFLX&ql=1
Hmmm...the serial junker just made a pass.
Fuck you Five-O-Clock Charley.
I think Kyle Bass is about to have another HUGE payday...
lol no
his stock calls have been horrible since 2009
Holy SHIT, Sherlock, you might just be CORRECT!
(Quoted from Watson, who just had a vision of a light bulb illuminating for the first time in his life)
3001! we're so close!
and we're back up again // so convenient, that
what was with all the "PBOC buying at 3000" downvotes before haha
/edit/ 2999! happy 2999 day! :D
China down 7.6% - closing at 2964, well below 3000 support. Japan was crushed again with nearly 4% loss. The BTFD paradigm is over.
I hope so; watching the Au and miners action today made me seriously contemplate driving a pen through my own skull. I bet I'm not the only stacker who felt that way today.
You have to get that fiat virus cured up.
If China is in trouble, then why is that ......AMERICA is selling it's Investment firm to China!?
Scratching my head...!!!
Shouldn't it be the other way round?
Below is just the flavour of a few billion dollar transactions in the LAST 30 DAYS aside from helping Venezuela...Russia...Pakistan.. with tens of billions.....etc and pouring 100 odd billions in 2 new banks and 100 odd billion in banking support (owned by themselves, not by private investors)....
China’s Citic Securities said in talks to buy RussellChina did the same in London....
China’s HNA Agrees to Buy PAI’s Swissport for $2.8 BillionAnother American firm also sold its assets in Australia...
China’s CIC to Buy Australia Office Property From Morgan StanleyAlso China buying in Portugal...
China's Anbang in talks to buy Portugal's Novo Banco-sources China's Fosun buys former UniCredit HQ in Milan
CHINA’S ANBANG INSURANCE SAID BUYING LONDON’S HERON TOWER FOR $1.16BIf there is stress in China, should they not be showing it? ....BY NOT BUYING ANYTHING LIKE AMERICAN FIRMS WHO ARE BUSY SELLING THEIR FAMILY SILVER INSTEAD?
I wonder who is in more trouble? The buyer or the seller?
From the looks of it the buyer is definitely not in trouble! ;)
The Fed cut off that sugar teat of QE to China. (The inflation was exported over there.)
The delayed reaction was foreseeable. It generaly takes about a couple of Fiscal Quarters for the impact to be realized.
Well...We did it to ourselves.
The epitaph of Western Civilization...We did it to ourselves.
I normally don't listen to the nausiating financial advice radio shows...but I had to on the way home today. The dude went to great lengths to expalin how the market drop was just a phantom loss...and if you were still holding onto your 2025 "fund" you were still up 30% from when you bought in 2010....the message was don't panic and keep buying. So, everything really is good....yippie.
I'm sure all the pension funds are thinking it was just a phantom move too.
I want to buy a " I Bought The Dip" T-shirt. Fuschia with black letters and a cutesy polo shirt pocket deep enough it'll store my remote when waiting for Cramer hour.
" I Bought The Dip"
I'm a little dense...So Cramer really is "The Dip"?
Yup, better to be months or years early than seconds late. If anyone still has skin in the paper markets, they better understand the GAMBLE they are taking. I'd rather bet on sports or blackjack or buying real estate in detroit. At least I know its a risk and the payouts are higher.
Damn you, Tyler, and your relentless chartporn ! You got me all excited again and I just sprayed numbers all over my lap !
The PPT might run out of fiat?
NAH!
Not gonna happen.
The art of printing with ink and the art of making paper have been combined with the other arts (like 'paper-hanging') since time immemorial. 'FIAT CURRENCIES'; therfore; shall NEVER DIE; as long as there is a Yellen or a Bernanke or a Draghi or a Goldman or a Sachs or a Rothschild still alive to PRINT.
WHAT'S the name of the head 'Central Banker' dude in China, again?
I gotta INFORM HIM about the way SHIT ACTUALLY WERKS... Call it 'inflation', or call it 'INFRATION', or whatever the fuck you WANT to, but KEEP THAT TRADING FLOOR OPEN, and keep THOSE PRESSES PRINTING!
Heinrich Kissinger And Associates
It's not that I am rooting for collapse.
I am rooting for reality.
I am rooting for honest money.
I am rooting for natural law.
Now, more than ever, we need to listen carefully to what Jim Cramer has to say...
Jim Cramer says "Buy Buy Buy into those nasty drops!"
I hope Erin "A-cup" Burnett is ready to talk Cramer down off the ledge....
I rate her as a B-Cup. I like B-Cups. Pop out them long nipples Erin!
DON'T BE SILLY, papa.
I still have 100 common, and am awaiting the REVIVAL (the 'second coming') of B.S.
https://www.youtube.com/watch?v=-6u1kG7yuy4
I, DID, NOT, SEE, Jim Cramer's head explode (no 'celebrity fund day-traders', or 'female Babette employees' of PMSNBC were ACTUALLY injured or killed in the making of this fictional story).
The best sound that Jim Cramer can make is the gagging, gargling sound as he takes the worldwide 'larger economic penis' down his throat. AGAIN, and AGAIN.
I see that 'A-cup Erin' and the CNBC crew are here to downvote me.
BEAR IS FINE
It's not that I am rooting for collapse.
I am rooting for reality.
I am rooting for honest money.
I am rooting for natural law.
So...eh...You are rooting for the collapse as that is the only way that it MIGHT happen. (It surely won't if this can continue onward.)
But even with the collapse I will wager that it does NOT HAPPEN...EVER.
Go Team Gravity!
US futures are up because there is an UNLIMITED supply of fiat to make that happen. I'm not sure if ANYTHING would cause the US indexes to correct.
But they don't have an unlimited supply of stocks and if people are selling, a lot of that printed fiat is making it out into the economy. They don't have an unlimited supply of value.
Exactly.
What happens when the Fed has 20% market share via proxies? 50%?
Buy up all assets using digitally-created FRNs. That's the plan.
This
Yep. Spin it as "saving the market." Meet the new owners.
And I don't think they can similarly goose all of the world indices so the US will be conspicuously green at some point.
I'm not sure if ANYTHING would cause the US indexes to correct.
Loss of confidence should take care of that.
Sounds downright unpatriotic.
did you meet 'yesterday'? what was that if not a collapse. no one wants to be the bag holder and, just possibly, this levitation overnight will be met by selling from real volume.
"Dow futures up 300+ WTF!"
Chinese stocks are not done going down yet. Now let's see where the cleanest dirty shirt can be found. The worlds reserve currency with the most powerful printing press and it's stock market is still the best place to hide. Alternatives?
This is a financial war and the Chinese are losing.
I agree! It gets interesting when China thinks of a way to pass the pain to someone else. And be sure, they have their best minds on it!
Sure the dollar and US market is again the safe haven from turmoil. The military enforces the dollar, and the Fed the markets. So expect some money running to the USA.
Overall, the carnage should still tear a new asshole in the USA markets.
"It gets interesting when China thinks of a way to pass the pain to someone else. "
The only reason that China hasn't devalued further already is that if they overshoot what the markets consider an acceptable fix the black market will act to remove the whole matter from their control ala Venezuela.
Maybe the $US fix has passed it's use by date. They could drop the $US peg entirely and let it float; but, that leaves the matter of convertability in the hands of the foreign Banks/Traders.
They can't export more commodities/steel/etc. than there are foreign buyers to take delivery -even on pure credit.
It might even make sense for China to sell Gold at this point to try to weaken the Yuan.
Then there is the ol' printing press... They could always do the Bernanke and buy the fugliest of foreign bonds and foreign money-losing equities: the trashiest of paper issuance from Africa, North Asia, LAt.Am...
OT - Jack, what happened to the hot Russian military chick in your old avatar? She got my vote.
'Jack Burton' changes 'hot chick avatars' as often as you change your socks, Dan.
SAY... COME TO THINK OF IT...
That Russian chick WAS pretty hot.
Sorry if this sounded like an insult; I don't mean to offend.
JACK?
WHERE'S that RUSSIAN MILITARY CHICK?
Natalia Vladimirovna Poklonskaya
This is a financial war and the Chinese are losing.
Well...Not exactly. We are ALL LOSING since you have not figured that one out. Some of us will lose a bit less than others. BUT WE ARE ALL LOSING. NOBODY WILL WIN...Not even those who ENGINEERED THIS as they failed to understand that there are always unintended consequences in complex systems.What if China doesn't really care about the paper financials while they know they'll eventually implement a new world order of hard assets? Maybe they're using their stock market to crash the whole world? The day the computers all went down... jubilee.
Once all the assets are concentrated and a new war or world government (any odds on that?) then TPTB will declare a jubilee amongst themselves. You, keep paying serf.
Precisely. The big banks have trillions of derivatives to "unwind." Of course, the serfs will have austerity. Joobilee is only for the bankers.
No.
The Chinese simply got tossed into the deep-end of the pool, first... Meanwhile, the U.S. consternates and hand-wrings over .25 and what that might do...
Are you kidding me? China has way more gold than anybody. Fiat currency has no intrinsic value. They don't care what happens to stock markets. When it inevitably goes to zero they will have the wealth. How did you get 15 upvotes? Is this place that full of shoe shine boys?
We make shirt prenty crean. We numbah one Chinese laundly, wash PBOC shirts all a time.
The PBoC got a note from the Fed reminding them who owns the casino: No ticky, no washee.
Au and Ag.
Sorry, not supported by the controllers of the printing press
GOLD (silver) is the best place to hide, fool....
Levitation...
Don't buy that shit, sell sell sell. That's to get suckers to come in and buy when they insiders sell to them and leave. They don't (funds and big banks) want to be holding alot of this stock when the unwind happens. They want cash out, remember if your a big mutual fund and have apple or another and you bought 3 billion of it the last thing you want is to sell and lose a billion on your books or more. It's best to sell high to others and then get your money back.
I wonder why ZH doesn't post that info.
german zionist "Newspaper" : Dear Germans, be brave! Buy Stocks!
http://www.welt.de/finanzen/geldanlage/article145572722/Liebe-Deutsche-s...
DID not work ..
BEIJING: China on alert for program-controlled stock tradingHow can this be? CNBC.com says buy buy buy! They only have my best interests at heart.
Rick Santelli rails against pundits already calling for Wall Street bailouts
http://tinyurl.com/olnmtpy
Todays Market action in a nutshell..
http://www.wimp.com/fifty-dollar-bill-clever-forgery/?utm_source=faceboo...
Everybody knows that Grant's portrait is on the $50.
Wee Too Low
Colonel Brighton: Look, sir, we can't just do nothing.
General Allenby: Why not? It's usually best.
-- Lawrence of Arabia
#41
Lets get this party started - FED rate hike in September!!!! YEHAWWWW
Liesman said it'd be in December. Relax
No rate hike for decades. Like Japan.
We'll collapse long before anyone gets a chance to compare us to Japan...
Something doesn't seem right.
Nothing seems right, q. Or am I missing something?
Kaleidoscope
http://www.economicpolicyjournal.com/2015/08/what-to-do-as-markets-crash...
"Wellll. Looks like we got ourselves a readah."
https://www.youtube.com/watch?v=BwkdGr9JYmE
And US equity futures are already in the green WTF
It's a long, slow unwind. But if you want to move onto the gold standard you first have to crash all the currencies.
I don't expect this fall to finish until after September.
September of what year?
This year. It's been 7 years since the last crash and, without fail, global financial crises have happened every 7 years since at least the turn of the 20th Century.
Read the Fourth Turning. Twenty year malaise, Mon ami.
Credit will likely fall apart throughout the next 12-13 months.
seppuku tuesday
One step forward, two steps back. Also, by the way, the title of a book by
V. I. Lenin. So you know it definitely applies to financial markets.
Going to be another exciting evening and overnight trading .... But of course it all fails to compare to the action in U.S. "Markets" from today.
Can we all agree now that this is war?
guess not, at least that it was never war, so this isn't anything new.
Or do you think that beggar your neighbour or taking anyone's money in a zero-sum game is not war?
Justa' wonderin'
- Ned
No what I'm saying is that we have already been cornering the bastards they know they whole thing is going to collapse anyway why not blow the bitch through the floor before the US elections. Merkel said the other day that "I am sure the Chinese will do the right thing". I guess she isn't going to get what she wanted, they are starting to fight back.
Crashing their currency is fighting back? Really?
If you hold more gold than everyone else does, you win the currency war. Why not accelerate it a bit? Make the morning papers?
Could we please wait a bit until after the Texas university systems get our gold out of NYC?
What gold? You mean the phony tungsten crap they showed Kyle Bass. They probably sold that shit ten times since then.
Holy shit man! How much money did the inject into the market today to try and stop this bloodbath? And they just dropped this news just in time to do it again.
If your the worlds biggest exporter. Absolutely
some think so...
Alasdair Macleod China The Real Global Power:
https://www.youtube.com/watch?v=j3bhDf7OMr0
From Bloomberg: The World’s Richest People Lost Another $124 Billion on Monday.
And now for the bad news.
Central government banks will intercede and make them whole...again?
don't cha' know!
Eat the rich
There's a law against that ;-)
Laws are meant to be broken.
Only by those who make the laws ;-)
Me? I tolerate people who think or would argue otherwise, while I live by my own code.
I'd rather ingest pink slime.
Miffed
Synonyms
(Off to read The Handmaiden's Tale, another Atwood piece. Is disturbing right out the first pages. Another glimpse of a Dystopian future.)
Knuks, I'm half way through the 2nd of the trilogy and I'm disturbed how close we are to this in so many ways. Political, corporate, genetic research, polarization of classes, debauchery, violence. Just chilling. A perfect storm. Too many fronts. Sometimes I see the future as a forgone conclusion.
Two nights ago I had a screaming nightmare. Mr held and rocked me a long time before I stopped shaking. I haven't had one of those in years. We both agreed no more Atwood in the evenings. ZH, crossword puzzles and enjoying each other's company help lighten the dark foreboding.
Miffed
I just bought the trilogy based on Knuk's recommendation.
After reading your comment, I'm turning off the hard drive and engaging the brain pan, maybe I can get a 100 pages or so read before I conk out.
There is an interesting trend noted many years ago. Most all stories about the future are dystopian. They are almost all apocalytpic futures wether Terminator, Mad Max, or the Hunger Games. Older movies tended to have a more optimistic view similar to Star Trek. Yes, all stories have an antagonist and bad guy to overcome but not all are set in a hopeless and blighted future.
It makes me wonder if there is some sort of collective consciousness or awareness that is bigger than ourselves.
In any case, we are certainly well on our way to making it an economic and social reality.
I completely agree. There is something different today. The sense of foreboding is palpable just in random people I meet. I purposefully engage people far more than I used to in public places. What I have found if I managed to pierce the facade is that people are really experiencing some kind of collective despair. Not just personal troubles but fears for our society as a whole. I haven't met a Pollyanna yet. Perhaps you must run in the 1% class to see that.
I think what disturbs me most about the Atwood novels is she takes all of this to the extreme conclusion. It should be a warning to all before there is no other course but total destruction.
I miss my Star Trek days. Happily ignorant. I couldn't imagine my world would change. I wish I appreciated that time more.
Miffed
Miffed ....
Wonderful insights upon Atwood. Her writings are nothing short of chilling. Chillingly close to reality as it "might be".
The reason for the chilling is that in my mind, her might be's are not extreme conclusions, but natural and logical, simplistic extensions of trends and devices now in place and expanding, unchecked at breakneck speed.
Many of those we meet, including the ones reticent to praise the outlook, who see trouble and discomfort in the future will alike ruminate that: "The whole fabric of society is breaking down!"
I do not concur.
I believe that the fabric has not merely unraveled about the edges, but has given way. We're at the precipice at this very moment. Just look about, I tell my friends. They say it's not that bad, can be fixed, with a "maybe" thrown in. I believe that to be not mere denial, but delusion.
The reason that so many miss what has happened is that it deteriorates every day in every way, but little by little. Like the person living with the other who's loosing weight gradually, it is not noticed. But what is said when a long forgotten friend is encountered after the 70 lb drop? "My Lord, look at you, what a change!" Unfortunately, most people are unwilling or incapable to pay attention to the daily movement, dulled by the electronic media to which they remain captive, 24/7/365, largely a purveyor of propaganda and perceptions management whether by design or happenstance, it matters not.
To wit, as a mere example, not a political statement, the Nep-Cons watch FOX while the Progressives MSNBC, all the while CNN carries the water of any sitting administration directing us toward greater consolidation of governmental powers at the expense of the individual.
But those factions watch their channels, not for Information, but for Affirmation.
We have in many ways become captive to our own preferences at the expense of reality.
As you are well aware, my own NSH view on the matter is that there exists a real and present battle between Good and Evil taking place in the Temporal realm, representing one of many battlefields of the Spiritual.
Unfortunately, most of us, my self included, am easily distracted to the reality of such.
In our distraction we, as both individuals and more importantly as society as a whole, have become unable to maintain the necessary level of our Spiritual Focus to combat that evil gradually subsuming the Temporal world, deeply harming mankind in literally every way possible.
Margaret Atwood possesses a gift of unparalleled insights and a writing ability to convey a glimpse of an already surmounting further.
As I said, her latest I'm indulging myself with is The Handmaiden's Tale. It's about a dictatorial, harsh, dystopian society rising as a result of the downfall of society that comes about due to diminishing morals and ethics, the response thereto. She clearly highlights the process already underway, the backlash to which is not of a happy nature, whatsoever. But it is the direct outcome of the decline and fall of the godless, statist society the progressive influences about the globe are diligently pursuing. I do not dwell upon Godless as a religious statement, but merely that the Scripture and Spiritual efforts handed down through the ages are the repository, the very source code, of all man's moral and ethical essence. And I do not mean to center or call out "Progressives" alone for they are but one necessary wing of the illusion of choice offered by the "opposing wings" of the single party, hell bent upon some form of global domination which necessitate the destruction of natural rights of man.
Indeed, the destruction of "civilization, meaning of civility withing the conscious collective, as we know it, and desire as it had been.
Jesus, I sound like those people I used to ridicule only a short time ago
"Morality is for people who can't face sin."
-Albert Pike
I have some new reading to do, it seems. I rarely ever read fiction. I prefer to learn new stuff. However, I just purchased 1984 to read again. I will check out these Atwood books.
Miffed makes a point I would like to reinforce. I cannot remember the last time I met any thoroughly Pollyanna types with real optimism about the future. Not one. The best I get is some general statement or belief that things will correct themselves, a sort of pendulum statement.
I have honestly been an optimist my whole life. I am not now. It is a painful conversion but I feel it is necessary to dealing with reality.
I've read all of Atwood's work. It's like she's tapped into the future..or maybe alternate futures and we hopefully still have a choice.
I won't read her before bed.
I can set you up with my ex-girlfriend if you'd like.
with a side order
od peas...
DOW futures 300+?!?!?!? OK - NOW I know I'm living in an alternate universe.
The money leaving China has to go somewhere.
Chinese investors think America is a better bet than China. If they are correct China is in terrible shape. Or worse.
When Uncle Sam begins confiscating Chinese assets in the USA, these "investors" will be sorely disappointed.
It's basic: History 101.
The only question I have is to whom will the Gubmint give all those McMansions?
Those Mc Mansions are to be distributed according to the AFFHA (Affirmatively Furthering Fair Housing Act.)
Those Mc Mansions are to be distributed according to the AFFHA (Affirmatively Furthering Fair Housing Act.)
And the US doesn't really want the money back either, we like to spend it and let it stay gone.
OTOH the Fed keeps moaning about how they want moar inflation, to counter the deflation and yada yada.
Oh fark, wtf, reinflate the stocks on Chinese money, see if I care.
It's called a 'Bear Trap'.
Goldman Sucks loves raping those Chinese muppets.
Watching market moves attentively...lol.
There isn't a damned thing you haven't watched or participated in or interfered with or manipulated "attentively"...now watch "attentively" as your national currency is debased some more trying to "attentively" prop something up that has no real value.
The moment common stock is issued and bought all value outside of sticking some other poor sucker with it is...gone.
Enjoy the ride, I'll be watching "attentively" ;-)
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
LMAO!
Begone Lord Beelzebub Keynes!
To do what? Commit Hari Kari? Thats a Japanese thing.
Confucius say: "Man who sell short, get long long knife for profit."
foolish man buy wife grand piano, wise man give wife upright organ
It's hard to paint happy faces on dead floating pigs.
Looks like Fed will be buying some some Japanese and Chinese equities and good for them: diversification is the cornerstone of every good investment strategy.
Why can't markets be left alone to be markets? It seems so simple.
Your question answers itself, don't cha' think?
Or do you think?
- Ned
It used to be just one country or two maybe..now its the whole world flying around....scary to be a Central Banker actually...as they have no idea what is going on or is going to happen tomorrow....wierd huh???
Someone's going to be...
https://www.youtube.com/watch?v=aOnKCcjP8Qs
Take that China!
The boyz on Wall Street will crush your country financially.
I guess none of these dooshbags listen to Phil's Gang . Are you nuts ?