It looks like China is through propping up its stock market

Business Insider ^ | Aug. 31, 2015 | David Scutt

[TigerLikesRooster]

It looks like China is through propping up its stock market

David Scutt, Business Insider Australia

China’s government, through financial intermediaries, was actively supporting the nation’s stock market through large-scale purchases late last week, but it’s unlikely to last.

According to the Financial Times, the government has apparently abandoned plans to boost stocks through continued widespread buying, instead focusing its attention on punishing those suspected of destabilizing stocks in order to boost flagging investor confidence.

“China’s leaders feel they mishandled the stock market rescue efforts by allowing too much information to become public” stated the FT, citing a leaked document from a senior regulatory officials meeting held Thursday last week.

If true, it will be interesting to see whether the huge gains seen late last week can be sustained, or indeed built upon, in the absence of government support.

[TigerLikesRooster]

P!

[wastoute]

When they realized they were doing what we are doing and it was not working here...

[Reno89519]

And the result will be?

[silverleaf]

They will go to plan B

Execute speculators and harvest their organs

[Democrat_media]

Trump is going to go up 10 points . He warned us about being dependent on China and that China is ripping the USA off

[Greetings_Puny_Humans]

From what I understand, China has already ordered brokerages to continue propping up the economy. They did make this statement earlier, but didn’t last long.

[flaglady47]

“Trump is going to go up 10 points . He warned us about being dependent on China and that China is ripping the USA off.”

Right you are.

[SoFloFreeper]

Scutt believes this? Really??

[SkyPilot]

And the result will be?

It will fail, just as ours will fail. We have QE to the tune of Trillions, which has given our stock market record highs, while the rest of the nation is in an actual Depression with a real unemployment rate of close to 23%.

In both China and Obama's Amerika, we have tried to stimulate the economy through very low interest rates to generate artificial growth.

"Artificial" never, ever, never works.

When China devalued their currency, the jig was up. But Wall Street and "investors" (central bank teat suckers really) are caught between their own fantasy land and their own arrogance.

China has made it illegal for their own people to sell most stock, and yet the markets are still imploding.

So what will China do? Well, they just did this a few hours ago.

Hundreds Arrested as Beijing Launches Stock Market Crackdown

"On-line rumor mongering"......."collusion with conspirators"......."

If those charges sound like Orwellian or Antichrist tyranny, they are. And THAT is what our money gamblers are counting on to pull our own economy along?

[Mr Apple]

...with a real unemployment rate of close to 23%

This unemployment rate figure will go down by at least 50% when Trump (as Pres) gets the illegals kicked out of our country. For one thing, Trump needs to put teeth into the enforcement of E-verify. The 'poor' whites and poor blacks will have better job opportunities once these illegals are out.

[lucky american]

I thought maybe when our market tanked our government stepped in and bought stocks too in order to prop up the numbers. Would this be possible and I think it should be looked in to?

[wastoute]

Imagine a gardener watching over his artificial, plastic crops wondering we there is nothing to harvest...

[dennisw]

So the new Chinese plan will be to execute prominent short sellers and mount their heads on pikes as warning to the others

[TigerLikesRooster]

And make the falling knife stop and frozen in midair. That is what they like to think. The market meets the ultimate zero sum game: your money or your life.

[dennisw]

This unemployment rate figure will go down by at least 50% when Trump (as Pres) gets the illegals kicked out of our country. For one thing, Trump needs to put teeth into the enforcement of E-verify. The 'poor' whites and poor blacks will have better job opportunities once these illegals are out.

E-verify will get rid of millions of pests and will short circuit their ID theft rackets. Other measures also needed such as the ejection of visa overstayers. I would almost say that anyone who wants a visa to visit here must get chipped. That the chip must get scanned every other month so we know your whereabouts. Put them through the Big Brother wringer instead of us

With the chip removed when they depart.

[dennisw]

Ever hear the phrase, “never marry a stock”?. In China it will be compulsory to marry a stock and no divorces allowed!

[central_va]

Imagine a gardener watching over his artificial, plastic crops wondering we there is nothing to harvest...

I am sure there is a big demand for plastic crops in one of those huge ghost cities?

[wastoute]

It is no secret. The Fed has been giving the big banks $87 billion a month to buy stocks. They used to give volume numbers with the market reports. Anyone but me noticed they stopped about the same time as this began? Our politicians have been playing Kabuki Theater for decades. Now our markets are, too.

[SeeSharp]

I would almost say that anyone who wants a visa to visit here must get chipped.

We don't even need to go that far. When I was young I remember there used to be a government TV ad that ran starting every Christmas season to remind non-citizens that they have to re-register at the Post Office by January 31st every year. Documentation is the key to control and we no longer have any control at all over foreigners after they get past the border.