Posted on 07/08/2015 6:14:46 AM PDT by Enlightened1
Nearly $3trillion wiped off Chinese stock markets in just the last few weeks
Government and investors launched campaign to prop up tumbling shares
Experts draw parallels with the credit booms that led up to the 1929 crash
Analyst: 'I've never seen this kind of slump before. Don't think anyone has'
China's tumbling stock markets plunged even further today, intensifying fears the country was tail-spinning towards the biggest financial disaster since the 1929 Wall Street crash.
Almost $3trillion (£2trn) more than the entire economic output of Brazil has been wiped out since markets went into reverse just a few weeks ago, posing a bigger headache for many global investors than even the Greek debt crisis.
China's government, regulators and financial institutions are now waging a concerted campaign to prop up the nation's stock markets a move that failed spectacularly in the 1929 crash that triggered the Great Depression.
The plunge in its previously booming stock markets, which had more than doubled in the year to mid-June, is a major problem for President Xi Jinping and China's top leaders, who are already grappling with slowing growth in the world's second largest economy and another bursting bubble.
(Excerpt) Read more at dailymail.co.uk ...
“They can collect any time they want.”
They can sell their bonds anytime. So will the Chinese money become the world reserve currency?
Can China feed itself?
Only through Capitalism.
In effect, these Big Four banks are the "economic backstop" preventing an all-out crash of the Chinese economy. And only a small number of Chinese were actually into the stock market, given the aversion to stock markets by most of the population.
They’ve actually been pretty steady on USTs for about a year now...
http://www.treasury.gov/ticdata/Publish/mfh.txt
Bonds mature all the time, its the way it works.How long will it be before China demands payments from all the U.S. Treasury Bonds?
Yeah - and new ones get sold all the time. . . provided of course that China buys them . . .
Question is: what happens when, and when will, China cash in _all_ those bonds? You don’t have to wait for the maturity date.
I thought the QE’s were discontinued. At the time it was 87B per month. Do you have a source about the Fed printing 1B a month and where they are pumping it in to?
That’s what I say. Tell em to Come and Take It.
“Continuing to effectively print $85 billion per month of new money after months of telegraphing at least a modicum of reduction can only translate that our economy is frail and infirm, languid if you will.”
http://www.forbes.com/sites/richardfinger/2013/09/20/the-federal-reserve-is-making-a-big-mistake/
Fed Keeps $85 Billion QE Pace Looking For Stronger Growth
Year In Numbers: The Federal Reserve’s $85 Billion Question
http://www.npr.org/2013/12/17/251796694/year-in-numbers-the-federal-reserves-85-billion-question
Fed Reserve to Continue $85 Billion a Month Quantitative Easing
http://www.breitbart.com/big-government/2013/09/18/fed-reserve-to-continue-qe-stimulus/
These articles are almost two years old. Anything more recent?
LOL. Yeah the PLA is going to come and take possession of the property.
Dear Leader will be the least of their worries.
Bloomberg. No posting on FR. Says QE ended last October.
bloombergview.com/quicktake/federal-reserve-quantitative-easing-tape
China is so screwed.
Not only will they demand payment, but with 0bama and congress continuing to fritter away OUR money, with them going bust
WHO WILL BUY OUR DEBT?
The biggest shock is that anyone is shocked when communist dictatorships fail economically.
Those south china sea ambitions were predicated upon a two year economic stability window for success. The military cannot divide focus between external objectives and retaining internal stability for the current political controlling faction.
We got that
Then add
1) The housing bubble.
2) The student loan bubble
3) The credit card bubble
4) The Derivatives Bubble
5) The Stock Market Bubble
6) The China Bubble
7) The E.U. Bubble
To name a possible few.
Only to Leftist.
Some how they think they are immune to the law of supply and demand.
Exactly!
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