Well that's one way to do it. Serious question though - what the fuck happens now?
Well that's one way to do it. Serious question though - what the fuck happens now?
I'd like to know this too. After 160 pages of exchanging in-depth financial meltdown knowledge from Urbans finest I'd have to expected plenty of posters to be all over this like a cheap suit. No answer all day worries me.So why is this happening? Is it just panic for no reason or something else?
I'd like to know this too. After 160 pages of exchanging in-depth financial meltdown knowledge from Urbans finest I'd have to expected plenty of posters to be all over this like a cheap suit. No answer all day worries me.
Is this really the detonation of the implosion?
Are we dooomed? Red books from bushes you say :-(
A lot of red guards jump out from behind a bush, waving little red books and shouting 'surprise'.
Followed by a few cases of lead poisoning.Also imagine quite a few party members will have dabled and will be in a desperate state, cooking the books to meet their positions. Lots of corruption cases to come
Wasn't this the pattern of the 1929 Crash?
not banned, have to hold for six months before allowed to get ridQuestion: If selling is banned, how can anybody buy? Surely purchase requires a seller
China will report 7% growth though?After the 2008 global crisis, China's 9 percent-plus growth picked up the slack from a West licking its financial wounds. But as Asia's biggest economy cools, officials from Seoul to Brasilia are finding themselves without a reliable growth engine. Uneven recoveries in the U.S. and Europe have already slowed the exports that power most Asian economies, including Japan. China's downturn could now throw Asian manufacturing into reverse.
Morgan Stanley's Ruchir Sharma warns that "the next global recession will be made by China." The balance of data -- including Singapore's abrupt shift toward recession -- suggests China isn't growing anywhere near this year's 7 percent target.
China stock suspensions opens can of derivatives wormsThe whole Chinese economy us teetering here, and I dont think this is too hyperbolic. It needs to be talked down, very carefully by central command - a collapse in the economy threatens their very comfortable existence. This is serious stuff.
Unintended consequences.The suspension of hundreds of mainland China stocks during a market plunge from mid-June could lead to disputes between banks and their clients over the valuation of billions of dollars of equity derivatives.
Banks dealing in derivatives are concerned that valuation terms covering market disruptions in other Asian markets, such as trading halts when stocks move up or down by the exchange's daily range limits, might not apply to the wave of stock suspensions in China.
As China's stocks tumbled by 30 percent in less than a month, around 1,500 listed companies, more than half the market, suspended their own stocks in a bid to sit out the rout.
But can it last? The main engine of global growth since 2000 has been the rapid industrialization of China. By channelling the vast savings of its population into capital investment, and by rapidly absorbing technology from advanced countries, China was able to carry out the most stupendous modernization in history, moving hundreds of millions of farmers from rural areas to cities. That in turn powered the growth of resource-exporting countries such as Brazil, Russia and many developing nations that sold their oil, metals and other resources to the new workshop of the world.
The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil and Russia have been slowing as well -- the heyday of the BRICs (Brazil, Russia, India and China) is over.
The Brics group of emerging economies on Tuesday launched its New Development Bank (NDB) in Shanghai.
The bank is backed by Brazil, Russia, India, China and South Africa - collectively known as Brics countries.
The NDB will lend money to developing countries to help finance infrastructure projects.
The bank is seen as an alternative to the World Bank and the International Monetary Fund, although the group says it is not a rival.