At least in China it is. Their stock market is taking a giant dump and it was completely predictable. They have been playing shenanigans for a long time.
|
||||||||||||||||||||||||||||||||||||||
Moderator
At least in China it is. Their stock market is taking a giant dump and it was completely predictable. They have been playing shenanigans for a long time.
Love you Pop. F*ck Cancer.
Senior Member
I just hope none of the results from this washes up over here.. China in many ways is a giant lie, Looks like we may find out just how big the lie actually is.
There's a race of men who don't fit in, A race that can't stay still, So, they break the hearts of kith and kin, and roam the world at will..
Senior Member
"Do you need to be told that even such modest attainments as you boast of in the way of polite society will hardly survive the Faith to which they owe their significance?"
T.S. Eliot, Choruses from the Rock
Senior Member
Over half of their stocks are not even trading as the crash continues to get worse.
http://money.cnn.com/2015/07/08/inve...urge-stack-dom
http://money.cnn.com/2015/07/07/inve...d=hp-stack-dom
At least 1,430 of the 2,800 companies traded in China have elected to pull their shares as markets continue their crazy roller-coaster ride, according to state media.
The number keeps ticking upward -- on Wednesday morning alone, hundreds of firms announced a halt in trading, according to a review of stock exchange filings.Gold and other metals taking a hit as well.The Shanghai Composite plunged 8% at the market open on Wednesday, and spent the entire day in negative territory before closing down 5.9%. The vast majority of stocks listed on the benchmark index shed 10%, the maximum limit shares are allowed to fall before being halted.
http://money.cnn.com/2015/07/07/inve...ece/index.html
Chaos has gripped Chinese stocks in recent weeks, sending the previously red-hot market nose diving 25%. The ferocious selling has forced investors who bought stocks with borrowed money to pay back loans by dumping other assets -- including gold and other commodities.
Last edited by Whiskey_Bravo; 07-08-15 at 10:00.
Whiskey
Senior Member
I have been watching this for years. Most analysts are predicting that it IS coming this way, and by fall we will have a crash that makes 2008 look like a warmup.
Senior Member
The parallels to China now with 1929 US is astounding.
See Whiskey Bravo's post.
The 1929 event most certainly affected the rest of the world. The world was much less interconnected then. I fail to see where there is a circumstance where we are not affected, at least minimally.
Senior Member
Dow is down a little over 200 points right now so I am assuming we are seeing some of it.
Whiskey
Senior Member
How far do you think Obama and our Congresscritters will go to avert that doom?Originally Posted by Doc Glockster
" Nil desperandum - Never Despair. That is a motto for you and me. All are not dead; and where there is a spark of patriotic fire, we will rekindle it. "
- Samuel Adams -
Senior Member
What can they do? They're already printing money. They can't just print more money.
Member
Avert?
The doom is what the want. Chaos brings them power.
Posting Permissions
Reply With Quote
Bookmarks