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Chinese Propaganda Full Retard: Burst Stock Bubble Declared A Good Thing
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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the golden goose is dead.
this bird is no more... [/monty python]
Yay the bubble....yay the burst bubble.
...he's pinin' for the fjords
(1:56)
https://www.youtube.com/watch?v=Oj8RIEQH7zA
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!
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.....
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.
and dry, crusty bread....maybe...
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.
Of course is a good thing ! Tylers are getting dumber by the day...
No, people's ability to read is what should be questioned. The Tylers are simply pointing out the double speak hypocrisy from policy makers.
Thank goodness the ground broke my fall
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.
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.....
If you can't beat 'em, join 'em...
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.
move on nothing new here; governments lying to keep their jobs................
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...?
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.
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.
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.
It it would be a great thing if the US stock bubble would burst today during the time I hold FAZ +3.93%
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.
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
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..
Fi Dollah! Fo Dollah! Tree Dollah! HO NAH! HUNG GAI! Okay! Okay! Too Dollah!
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.
So Chinese write to themselves in English?
really?
english edition
Really? No shit
and i guess the higher you bought this shit, the luckier you are. well..
Oh Dumbo.
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.
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.
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.
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.
Fucking A!
Comment of the year!