Posted on 07/09/2015 12:34:00 PM PDT by Enlightened1
After dozens of separate interventions, manipulations, and central-planning machinations over the past three weeks, China resorted to threats overnight when it called for the arrest of "hostile short sellers." The reason they went full Orwell, this is the great loss of 'wealth' in China's history...
China's $2 trillion loss in 17 days is the equivalent of 1 India, or... China has lost 15 Greeces in market cap in three weeks
In other words, China has to stop the bleeding before it loses another India... or the socially-unrest citizenry will demand gambling returns elsewhere or, absent hope, demand change...
(Excerpt) Read more at zerohedge.com ...
I’m not so sure that they’re wrong to do so. Like all things, freedom and free markets are the best way to go... but those who abuse the rules and hurt others need to be punished.
Short selling is part of market dynamics.
China needs to get out of the deep-end if it can’t swim.
Zero Hedge acting as ChiCom apologists.
What a surprise. Not.
F China.
<>p>Short seller.
Where is the money going?
Global banksters?
I’m probably wrong, but I can’t help but think that the Banksters are behind this and yesterday’s shutdown on the NYSE was a test by China.
Short selling of China stocks on the Nasdaq and NYSE is out of control for the last year. You look at some good Chinese stocks on the Nas (KNDI, BABA, QIHU, etc) and their p/e is ridiculous. KNDI has a p/e of 8 with a growth rate of 150% a year. The shorting of that stock (probably by Buffett) is out of control. It’ll be okay in the long run, but this year has been horrible.
Watch what we do to the running dog capitalist!
Of course, not. ZH is owned by Bulgarian Commies.
Mao is rolling over in his proletariat grave.
China is so screwed.
Don’t give wall street any ideas.
Americans know how to invest. Chinese do not.
Banksters?
Why do you use a commie progressive term?
China has a civilization stretching back thousands of years. They are incredibly risk adverse as a society. Stock market gambling isn’t something they do easily.
No but gambling is something they do all the time. But gambling is never a long-term solution. You invest for the long-term.
Face it, Americans can’t play margins with their 401k’s and that’s where the money is sitting.
When Tony Blair handed Hong Kong over to Communist China in 1997, it was said that Hong Kong was too big of a Capitalist pill for Communism to swallow, and they just might have been right. It took them eighteen years, but I think they just choked on it
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