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Chinese Propaganda Full Retard: Burst Stock Bubble Declared A Good Thing

Tyler Durden's picture




 

Having blamed the entire financial crisis on one reporter (despite the implicit government encourage of people to "invest in stocks"), detained "malicious sellers" (which killed the entire futures market), and now cracking down on overly-aggressive stock-pumping by "sinister stock squads," we thought we had seen it all from China. Until now... CHINA OFFICIAL: LUCKY THAT STOCK BUBBLE BURST BEFORE TOO LATE...

"Too Late"? or "Just Right"? for a bubble to burst...

 

So now - the bursting of the Chinese self-created bubble is a good thing. It seems opposite world is here - just as not hiking rates is the new negative.

*  *  *

Of course this is not the first time Chinese propaganda went full retard...

If these are the directives China's Ministry of Truth, in this case the China Daily "style council", gives out to editors to pretend that the Yuan devaluation is not, in fact, a devaluation we can't wait to find out just how long Steve Liesman will need to teach everyone in Beijing that QE, when the PBOC inevitably announces it, is really just a blessing in disguise for the middle class.

 

Charts: Bloomberg

 

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Fri, 09/18/2015 - 12:51 | 6565766 buzzsaw99
buzzsaw99's picture

the golden goose is dead.

this bird is no more... [/monty python]

Fri, 09/18/2015 - 12:52 | 6565785 SHEEPFUKKER
SHEEPFUKKER's picture

Yay the bubble....yay the burst bubble. 

Fri, 09/18/2015 - 12:57 | 6565804 buzzsaw99
buzzsaw99's picture

...he's pinin' for the fjords

(1:56)

https://www.youtube.com/watch?v=Oj8RIEQH7zA

Fri, 09/18/2015 - 12:56 | 6565811 Oh regional Indian
Oh regional Indian's picture

But it IS a good thing. The global stock bubble pus boil bursting woudl be a great thing.

The cleanse would be EPIC...after cleaning up the mess of course.

Imagine starting off again at DOW 800 and another 40 years of BUBBLES!

Fri, 09/18/2015 - 13:18 | 6565920 KnuckleDragger-X
KnuckleDragger-X's picture

I don't think there'll be much of a stock market left anywhere for a long time and the clean up will give something for the former Wall St people to do to earn their bowl of beans.....

Fri, 09/18/2015 - 14:01 | 6566126 mtndds
mtndds's picture

When is the housing bubble going to burst?  Thats the one I am waiting for.  When that happens then I know the bust is real.

Fri, 09/18/2015 - 14:01 | 6566127 Oh regional Indian
Oh regional Indian's picture

and dry, crusty bread....maybe...

Fri, 09/18/2015 - 12:53 | 6565795 realmoney2015
realmoney2015's picture

There is some truth the statement, however. The sooner the bubble burts, the better. If the bubble keeps inflating bigger and bigger, it will be a much bigger pop.

Of course, bubbles shouldn't be created in the first place.

Fri, 09/18/2015 - 13:06 | 6565862 angel_of_joy
angel_of_joy's picture

Of course is a good thing ! Tylers are getting dumber by the day...

Fri, 09/18/2015 - 13:28 | 6565923 Dr. Engali
Dr. Engali's picture

No, people's ability to read is what should be questioned. The Tylers are simply pointing out the double speak hypocrisy from policy makers.

Fri, 09/18/2015 - 13:06 | 6565860 chrsn
chrsn's picture

Thank goodness the ground broke my fall

Fri, 09/18/2015 - 13:12 | 6565891 junction
junction's picture

The Chinese are just following the example of the United States, where everyone from Jack Lew down to Jim Cramer tells you the country completely recovered from the crash of 2001 and then of 2008.  What no one is saying is that these crashes have pretty much wiped out the future of the middle class in America, with defined pensions and job security a thing of the past.  The "peasantization" of this country continues apace with our fascist overlords now telling us cash is no good, that having a few thousand dollars in cash is like money laundering.   

Fri, 09/18/2015 - 13:27 | 6565955 Gilnut
Gilnut's picture

Well shit.........

1st the Fed tells the truth about the shitty world economy.

Now China admits to a stock bubble popping.

Knock me over with a feather...........

 

On a side note.....be afraid.....be very afraid.....

Fri, 09/18/2015 - 12:50 | 6565771 Bohm Squad
Bohm Squad's picture

If you can't beat 'em, join 'em...

Fri, 09/18/2015 - 12:51 | 6565779 mpath
mpath's picture

It is a beautiful thing knowing what the markets are going to do--weeks in advance. I have been following Woody Dorsey for almost a year now--he has predicted turn dates (almost to the day) weeks in advance for over 1300 SPX points in just 1 year. 

He predicted the August crash to the day 3 weeks earlier and now he recently predicted the 09/17 drop--2 weeks earlier. I have never seen anybody do what he has done-and I have been in the business for over 18 years. Take a look at this report. 

Fri, 09/18/2015 - 12:51 | 6565780 jldpc
jldpc's picture

move on nothing new here; governments lying to keep their jobs................

Fri, 09/18/2015 - 12:52 | 6565788 Consuelo
Consuelo's picture

 

 

At least the Chinese are 'exposed' - whether they intended it that way or not.    Conversely, the U.S. - still being the 'cleanest dirty shirt', has yet to be fully exposed...?   And what will the headlines be when they finally are...?

Fri, 09/18/2015 - 12:58 | 6565796 . . . _ _ _ . . .
. . . _ _ _ . . .'s picture

The implication here is better sooner than later. If it had popped much earlier, it may not have been considered a bubble, at least not at the same scale.

As far as the devaluation goes, it was an imposition from the IMF (for the renminbi's inclusion in the SDR basket - a pre-requisite for reserve currency status.)

I may be picking nits here, though.

Fri, 09/18/2015 - 12:55 | 6565807 magnetosphere
magnetosphere's picture

in fact they are exactly right.  it is better that they not develop an excessive dependence on financialization, because all stock markets will be abolished once the exponential growth of fossil fuel consumption turns over.

Fri, 09/18/2015 - 12:57 | 6565810 Dr. Engali
Dr. Engali's picture

Yeah, a good thing for bankers, for the common man who got in and lost their savings because .gov encouraged them to, not so good.

Fri, 09/18/2015 - 12:59 | 6565827 q99x2
q99x2's picture

It it would be a great thing if the US stock bubble would burst today during the time I hold FAZ +3.93%

Fri, 09/18/2015 - 13:24 | 6565938 divingengineer
divingengineer's picture

Got a little FAZ myself. Have a look at ERY, it's good for some laughts too. The ETF decay has been a bitch on it for the last 3 years though. But I'm have the tenacity of a badger, I can wait another 3 years to sell, no problem.

Fri, 09/18/2015 - 13:03 | 6565835 astoriajoe
astoriajoe's picture

I guess there's not much more that they could say, but its like they took it directly from the last paragraph of this armstrong post:

http://www.armstrongeconomics.com/archives/21535

"So yes. When the attack upon the ERM and the pound in 1992 took place, I received calls from the British government asking what our models had to say. I warned the pound could not be held. I advised that the pound should be devalued. I was told that John Major had promised the pound would not be devalued. I then provided a “politically correct” way to do it – allow the pound to float to seek its own level. Hence, there was no DEVALUATION, it was the free markets that did the heavy lifting.

Fri, 09/18/2015 - 13:04 | 6565851 Ms No
Ms No's picture

I am sure everybody is just dying to buy the dip in a market that is now the Hotel California.  Nothing spurs investment like governments who ban shareholders from selling and enforce short selling bans.  What's the point, can we flush all these fake markets already..

Fri, 09/18/2015 - 13:20 | 6565924 Gringo Viejo
Gringo Viejo's picture

Fi Dollah! Fo Dollah! Tree Dollah! HO NAH! HUNG GAI! Okay! Okay! Too Dollah!

Fri, 09/18/2015 - 13:22 | 6565932 divingengineer
divingengineer's picture

Stock market corrections ARE a good thing. 

Kinda hard to get Yang to comprehend that when is life savings just got flushed down the toilet though. 

Fri, 09/18/2015 - 13:22 | 6565934 omi
omi's picture

So Chinese write to themselves in English?

really?

Fri, 09/18/2015 - 14:41 | 6566334 Benjamin123
Benjamin123's picture

english edition

Fri, 09/18/2015 - 14:07 | 6566160 knukles
knukles's picture

Really?  No shit

Fri, 09/18/2015 - 14:29 | 6566277 TimmyS
TimmyS's picture

and i guess the higher you bought this shit, the luckier you are. well..

Fri, 09/18/2015 - 14:45 | 6566321 bid the soldier...
bid the soldiers shoot's picture

Oh Dumbo.

 the bursting of the Chinese self-created bubble .

 

If by 'self-created' you mean allowing all the Jews, kikes, hebes, and sheenies from Wall Street, in November 2014, to descend like Fagin, picking pockets in a noodle house, onto the Shanghai Exchange, with cons and scams 100's of years old, you may be right.  

Retarded but right.

 

Fri, 09/18/2015 - 15:20 | 6566494 bluskyes
bluskyes's picture

The sheep grow the fleece, until they appear twice as big as they really are. Then the farmer shears the wool, the sheep gets cold, and wondering what happened.

Wash, rinse, repeat.

Fri, 09/18/2015 - 17:47 | 6567113 Spungo
Spungo's picture

I hate to be the bringer of bad news, but stock market crashes ARE good. If you get a 3% dividend at $10, that means you get a 6% dividend if you buy the same stock at $5.

Fri, 09/18/2015 - 20:18 | 6567569 Rodent Free Corps
Rodent Free Corps's picture

So the super smart Chinese socialists are just as much dumbasses as alll the rest? Say it ain't so. 

It is times llike this that I remember that all Confucius wanted was a government job. 

Mon, 09/21/2015 - 14:08 | 6575365 JenkinsLane
JenkinsLane's picture

Fucking A!

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