[expat_panama]

Related story from Chinese stocks destroy $39.8B in U.S. wealth

The Chinese stock implosion is starting to get serious. It's costing U.S. investors real money.

The 144 China-based stocks with primary listings on major U.S. exchanges have erased nearly $40 billion in paper wealth since the Shanghai Composite index peaked on June 12. It's an enormous destruction of wealth that in effects wipes out the market value of a company the size of cruise ship operator Carnival.

The Shanghai composite index' losses are only getting worse. The much-watched measure of Chinese stocks fell 8.5% in overnight trading Monday. The index has dropped more than 27% since hitting its peak this year back on June 12.

Shanghai Composite (Photo: Bloomberg)

Some of the stock-specific shredding of value is getting noteworthy. Chinese e-commerce stock, Alibaba, has been

[snip]

CHINESE STOCKS WITH PRIMARY LISTING ON U.S. EXCHANGES DOWN MOST IN MARKET VALUE SINCE 6/12/2015

Company	Symbol	$ ch. market value ($ billions)	% Ch. market value since 6/12/2015
Alibaba Group	BABA	-$7.6	-6.1%
JD.com	JD	-$4.5	-15.3%
Vipshop	VIPS	-$2.9	-21.5%
Youku	YOKO	-$1.8	-35.3%
58.com	WUBA	-$1.4	-18.8%

Sources: S&P Capital IQ, USA TODAY research

[snip]

[Sirius Lee]

Remember in 2008 when it was all over for America, and the world now belonged to the BRICs?

[Alberta's Child]

Some of us have been saying for years that China’s future wasn’t nearly as strong as many Americans have been making it out to be. It will be interesting to see how far they plunge before it’s all said and done.

[The_Republic_Of_Maine]

I think what China is doing is driving down the price of Gold since they are, I believe, due to receive this years payment on our debt to them, in the billions, in gold.

[expat_panama]

A lovely Tuesday morning to all waking up from the fifth straight drop in stocks and a week of new bases for gold'n'silver ($1,096 and $14.68).   They all look good now --at least to futures traders who see stock indexes up +0.55% and metals also upbeat to +0.10%  Reports coming up today are Case-Shiller 20-city Index and Consumer Confidence.  Then again:

Stephen Moore: Clinton Cap-Gains Plan — We'll All Be Poorer

What an economically deranged debate we have going on in the race for the Democratic nomination for president. In one corner is an unapologetic socialist, Vermont Sen. Bernie Sanders, who wants to raise individual income tax rates on the rich to 70% or more — apparently because it worked so well in the 1970s.


Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials-perspective/072715-763619-hillary-clinton-capital-gains-tax-hike.htm#ixzz3hBSjvdF4

[1010RD]

We live in the Age of Distrust. Once lost trust is hard to restore. Which politicians do you trust to run the country?

[Tucker39]

And who’s to say that The Donald’s pointing out China’s crookedness with their currency, and his pledge to jerk the slack out of their one-sided trade lashup didn’t influence the start of the divestiture of ching chang stocks?

And once it started, the herd mentality did the rest.

[proxy_user]

In the long run, communism is not compatible with capitalism. You may get by if you’re in the rapid development phase, but after that, it’s really tough. No big command and control economy has ever made the jump.

[allendale]

China sits on the granddaddy of all real estate bubbles. Its real estate is artificially valued and many loans and mortages are made against these psudo assets. Also Chinese Central bankers, still controlled by the Party, directed the squandering of $3 trillion of lost capital building huge ghost cities that sit empty, decaying, and have no return on investment. The days when productive, intelligent Chinese will work for $40/month plus room and board are over. Chinese factories and the markets they serve are shrinking. One reason that China supports Iran and the lifting of sanctions is because it views Iran not only as an energy source but Iran’s 75 million citizens as a big market for its export driven economy.

[killermosquito]

Just imagine what our country woulld be like if we had a conservative patriot in the White House. Our economy would be booming.

[MeneMeneTekelUpharsin]

The Hang Seng index will end up at about 2500 and the Dow will end up at about 10500-11000 within about 2 years.

[CincyRichieRich]

Let’s see:

* no real accounting standards
* communism with all it’s bells and whistles
* government buying stock
* ghost cities
* toxins in manufactured goods shipped around the world

What could go wrong?

[Flick Lives]

Chart looks like a classic “head and shoulders” formation.

[GOPJ]

Growth Miracle Is Over

I think the ‘growth miracle’ was over some time ago but the leaders of a command economy were able to cover it... Fake cities, fudged books, etc.

[American Constitutionalist]

I ain’t got no money, so I ain’t losing any money in China.