Here Comes The Yuantervention
Somebody had to do something...
Offshore Yuan ripped 14 handles stronger after early weakness on PBOC's "stable" fix...
And Chinese stocks lifted elegantly back to unchanged to prove its not fundamentals...
Just "psychological panic."
Panic at paying 64x valuations perhaps?
(15 votes)
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China is fine! They're fiine!
It's all psycho logical
It's just a flesh wound.
She turned me into a newt.
(I got better).
Isn't it: It got better?
The Chicom's are going to have a long damn night keeping that bitch propped up all night long.... Something in me says that they will say "ah fuck it" in about three more hours and just let the bitch crash like Ted Kennedy on a midnight drive by the lake ....
What happens when they run out of dollars to sell to fund the yuanterventions. Sell their gold? Sell their real estate? Sell their virgins?
Please post pictures of the latter. Imagine that exchange rate. On that economic system, what would a Hillary fx exchange for?
Who needs pictures; just gather large numbers, securitize, and have Moody's rate it. AAA, sight unseen.
Future Headlines: Yuanpocalypse. Yuanuclear War. Yuansanity.
Future Headlines no wants shity chinese crap...NOT EVEN the chinese!!!!! BYE BYE economy...... who cares how cheap you make it for... Still chinese crap.....
Ho li fuk exproding ecronome
Sum ting lik yuaning gap in reality.
Stock markets couldn't survive an hour without interventions.
Stock markets should reflect reality (they do not now) or mal investment of resources will occur. At most regulation should control accounting honesty and transparancy (they do neither now) Also the federal numbers on the economy are distorted for another layer of distortion. Quite frustrating.
It is some small comfort to see that others here at ZH get it. Unfortunately, we are not a voting majority...by a long shot.
There will be more "believers" when Mises' "crackup Boom" occurs---and it's coming imo.
I want to believe that but I suspect more voters know what the Kardashians are wearing today than know the names, Mises, Hayek or Friedman.
I think you underestimate us. Didn't Mises part the Red Sea and Hayek, why everyone knows Salma Hayek has a great bod. As well everyone knows on Saturday night it's time to get fried man.
"Once you tell a lie, you need ten more lies to cover the lie"
The Federal Reserve's PPT buys stocks too. They just.don't announce it.
The Fed seriously needs to be audited !!
the irony of the pboc buying stocks is communism allows the common ownership of the country's assets. it is suppose to be anathema to capitalism.
you mean the yentl-vention.
Hu Flung Dung?
Yu No Bai, Wi No Bai & Yuan Go Ding
As for the PPTs of the world it is now about how to manage the collapse, and not to stop it.
Feel the burn....rate.
What chart is that? The SHCOMP is currently at 3100 and hasn't touched 3300 today. I'm confused.
CHICOMS and NEOCONS will roll tanks on the streets at the drop of a hat. It is our quandry to decide if it is a good hat.
Peter Orszag: Tall, hung, athletic, Princeton, only fucks billionares, architect of Obamacare- WE NEEEEED YOU NOW....
Everybody knows that the PBOC is in fx buying rubles at 75 to the dollar and that they're using their dollar reserves to buy them with. And when China has enough rubles and Russia has enough yuan, before the end of the year the yuan-ruble, dual, gold backed currencies witll be a major rival of the reserve dollar and the talk of ZH. (buzz buzz buzz)
The Saudis made a big mistake when they reduced the price of crude at the behest of Neocon the Negro. Now crude is falling out of control and China announced it will buy all its oil from Russia.
Oh, if you don't think Russia and China are that close than this probably makes no sense.
Too bad.
It's not a bad theory but I do not think it can work. The two of them do not really control enough of the world market, nor do they have the confidence of outside countries. You are looking at two Commie countries that still have autocrats at the top.
You do not want to be dependent on them in any way.
FreedomGuy
Not now but in a year or two.
Russia can insist on payment in rubles or yuan for its oil.
China, the largest exporter, can ask for yuan or rubles.
I am assuming that confidence in the US and its dollar is not now nor will it be what it once was
Russia can insist on payment for its oil in turnips if it wishes but if there is a shortage of its desired payment form all that will do is reduce the demand for its oil. It is not as though there is a shortage of oil at good prices in the rest of the world.
Putin is smart, not stupid, he will not be reducing the international demand for Russian oil.
If they run outta turnips there is always cabbage.
is it still two turnips for a cabbage?
1) today somebody is buying lots of rubles, 75 to the dollar. Could be the PBoC spending their mighty US dollars. Talk of the troubled Russian economy will shake even more rubles out.
2) According to my little plan, there would be fixed convertability between the yuan and the ruble. And there are plenty of yuan in circulation to buy Russian tchochkes or oil and gas. it's my plan and I get to make up the details
;o/
It's not a bad theory but I do not think it can work. The two of them do not really control enough of the world market, nor do they have the confidence of outside countries. You are looking at two Commie countries that still have autocrats at the top.
You do not want to be dependent on them in any way.
http://www.cnbc.com/2016/01/10/fed-eyes-normalized-balance-sheet-for-goo...
Put on knee high boots while reading THIS ^^^
Here are some signs of a coming recession.
1. Investors in high-yield bonds are expecting to see their first negative return since the start of the credit crisis in 2008.
http://www.marketwatch.com/story/deteriorating-junk-bonds-flash-warning-signs-for-stocks-2015-12-07?dist=afterbell
2. Factory orders continue to drop
http://www.zerohedge.com/news/2015-10-02/us-factory-orders-flash-recession-warning-drop-yoy-10th-month-row
3. Default risk spikes
http://www.zerohedge.com/news/2015-10-02/us-financials-default-risk-spikes-2-year-high
4. M&A set record
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record/
5. Iron ore prices tumble
http://www.marketwatch.com/story/iron-ore-prices-keep-crashing-adding-to-global-growth-fears-2015-11-30
6. Baltic dry shipping index tumbles
http://www.marketwatch.com/story/shipping-index-falls-to-all-time-low-stoking-fears-about-global-growth-2015-11-19
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
You can't nationalize the whole economy with freslhly printed monopoloy money.. or can you?
Please don't be afraid to buy the dip. The Fed is doing so, with your tax dollars. Get in front. When it dips hard on a market open, once the weak hands are done the Fed pushes it right back up. Best money around.
This happens every time one of these floozies starts poontangin' around with those show folk fags.