CREEPY AS HELL..!!!
More brilliance by central planners.
Posted on 07/06/2015 4:02:22 PM PDT by Signalman
The population of Greece is slightly less than the state of Ohio's, while its gross domestic product is just a little bit bigger than the economies of Kazakhstan, Algeria and Qatar. Instead of focusing on Athens, investors should be much more worried about what's going on in China. You know, that country with about 1.4 billion people and the world's second largest GDP?
The Shanghai Composite and Shenzhen Composite have both plunged about 30% from their highs due to legitimate concerns that Chinese stocks are in a bubble. China's government is taking steps to try and minimize any more pain in the market. But that could backfire.
Regulators announced Sunday that they would make more capital available for an entity that will allow for even more margin lending, the practice of borrowing money to buy stocks. Buying on margin is incredibly risky. Many experts believe the Chinese stock market's surge earlier this year was partly due to average investors taking on debt to invest in stocks.
And when stocks first started to fall last month, many of those investors had to quickly sell their investments to pay back the loans. That fueled an even bigger drop in stock prices.
It could get worse as investors realize that the slowdown in China's economy should hurt corporate profits. "Exuberance for Chinese stocks isn't backed up by fundamentals," said Michael Pento, president and founder of Pento Portfolio Strategies, in a report Monday morning. "Instead, it appears markets are being levitated by continued government borrowings and manipulations."
(Excerpt) Read more at money.cnn.com ...
If China’s economy slows down, they’ll might have to stop loaning money to USA or even collecting.
We shouldn’t worry about Greece? Just a bunch of lazy Europeans, right?
China was built up in the last 30 years by basically transplanting American and European industries lock, stock and barrel into that overpopulated Communist thugocracy.
The only strategic reason that was done was to drive a wedge through World Communism: split China from the Soviet Union.
Worked way too well.
What if those factories had gone to underdeveloped European countries and U.S. states? Would we be confronting Eurozone disaster now in Spain, Italy and Greece?
So they can take over the South China Sea easier?
No.
CREEPY AS HELL..!!!
More brilliance by central planners.
Why should I give an F about China? I could care less if they all starve to death in a dung filled rice paddy.
Global Warming has caused the Bering Strait to dry up.
China's excess male population will start marching to Alaska near the end of August.
We could trade them San Fransicko for our debt.......
Just weird.
I wonder if the prices the government can get for these buildings are so low they would cause real estate valuations in general to plummet. So they held them the market hoping the economy would catch up and there wouldn’t be a crash.
Yeah, China is s bit bigger than Greece.
“What if those factories had gone to underdeveloped European countries and U.S. states? Would we be confronting Eurozone disaster now in Spain, Italy and Greece?”
Yes, we would. The PIIGS are in their bad spot because of EU socialism, plain and simple.
https://en.wikipedia.org/wiki/Commission_Regulation_(EC)_No._2257/94
The above EU regulation has to do with the curvature of bananas. Some say it is a myth, but it is actually a regulation regarding imported bananas and their curvature. Done to screen out competition, in reality, but for the good of the EU community when justified in public.
There is a similar regulation regarding olive oil. To quote the WIKI on this:
“Olive oil regulation and adulteration are complex issues overseen and studied by various governmental bodies, non-governmental organizations, and private researchers across the world.”
https://en.wikipedia.org/wiki/Olive_oil_regulation_and_adulteration
The idiocy goes on and on. They are in the mess they are in for a reason.
Red China is a bubble.. oh, and "free traders" losing you assets over there: Do not expect a TRAP from the American people.
“markets are being levitated by continued government borrowings and manipulations.”
Sounds familiar
Or building it before the relocate the hundred millions who want to leave the farms to their new assigned homes.
Add Chicago to the offer.
Yes indeed. It do.
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