This was definitely "workplace violence."Originally Posted by soulezoo
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Banned
This was definitely "workplace violence."
Senior Member
Me either, there's been too many stock analyst's saying this for quite awhile, (Just go over to David Stockman's contra corner for example and start reading) and now it's beginning to look like their predictions are coming true.. I was really hoping they were wrong, and I wouldn't have to live through a depression worse than 1929. My parents, as kids, and their parents (my grandparents) went through the last one. Talking to them about it, it didn't sound like fun.. My Grandfather on my mom's side never trusted banks after that...
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..
Banned
Stockman is a champion. His latest article cuts through the all the troika's mouthpieces' bullshit.
My brother and I were discussing this last night. One of the topics that came up was how we both missed Bob Chapman. Bear in mind, Chapman's "Quadrillion-Dollar Derivative Death Star" hasn't popped...yet.
I am curious to see how much of this spills over here. The rational portion of my mind wants to hold to the fact that a LOT of folks are going to be seeking refuge in the USD.
That being said, due to all the tomfoolery, chicanery, and hornswagling going on behind closed doors, we have no idea how much leveraging has been done, and whether there is a Sheissesturm of CDS heading our way, or a swirling black hole of counterparty risk culminating in the greatest series of cascading cross-defaults in the history of the universe.
Senior Member
If you have some spare time, Maybe go over to www.usawatchdog.com Greg Hunter runs that site, There's a good article up right now by Karl Denninger, Watch the video interview at the end of the article (if you have time,it 29 minutes long but, IMO worth it) Denninger does a great job of breaking things down so that's it's easily understood.
Last edited by ralph; 07-08-15 at 21:02.
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
"The really worrying financial crisis is happening in China, not Greece"
"China looks like it is heading for its version of the 1929 stock market crash."
http://www.telegraph.co.uk/finance/c...ot-Greece.html
Senior Member
I hate conspiracy theorists; I try my best not to sound like one.
But in a country like China...is it really a conspiracy if the state runs the markets?
http://www.marketwatch.com/story/chi...-09?siteid=rss
Uhhh...you shut down the stock market because everything is nose diving the maximum 10%, and when you reopen it immediately surges 10% in the other direction?Chinese shares made their biggest daily gain in six years Thursday, restoring confidence in Beijing’s suite of attempts to rescue its struggling stock market.
The Shanghai Composite SHCOMP, +5.76% 5.8% to 3709.33, after losses in eight of the last 10 trading days. The smaller Shenzhen market 399106, +3.76% rose 3.8%. Still, both indexes have lost around a third of their value in the past month. The small-cap ChiNext board 399006, +3.03% , which has shed some 38% from its June highs, rose 3%.
Some companies that had halted trading of their shares lifted suspensions, and their stock prices immediately rose by the maximum 10%. These include Hangzhou Iron & Steel Co., Zhejiang Huahai Pharmaceutical Co. and Leshi Internet Information and Technology Corp. Beijing. A total of 1,473 companies, or 51.1% of all stocks on the Shanghai and Shenzhen markets, remain suspended.
Why do the loudest do the least?
Banned
No conspiracy mah brotha.
Think of what a top does, right before it falls...it teeters back and forth...
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What in the world is in Missouri area that all those attacks are going to?WSJ, Stock Exchange and United Airlines. Hmmm. A coincidence, chance occurance or Chicom
Check out this live cyber attack map:
http://map.norsecorp.com/
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Guys.
You have to take this in context.
The Chinese market is up like 100+% in the last year. So even a 30% drop still means a 70% gain for people that invested last year.
Also, this is only Chinese A shares. No one outside of China can invest in theses shares due to Chinese law. H shares, which can be invested in by non Chinese are on a different exchange and they really haven't moved much at all.
You always have to look at the data.
There are definitely some parallels with the "Roaring 20's" in the US but it is fairly isolated to just the Chinese themselves right now.
Hopefully the global market will take this as a wakeup call that going "all in" in China is a bad idea. They don't have robust markets and they don't use a Anglo-Dutch economic laws. Which means it isn't efficient and it isn't transparent and it isn't what people are used to in NYSE or NASDAQ or FTSE or DAX.
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