Posted on 01/06/2016 11:00:43 AM PST by Zakeet
Authorities buy shares, inject liquidity and extend selling ban in the wake of renewed stock turmoil
Chinese authorities have escalated their market intervention in a bid to prop up stocks after $590bn was wiped off shares on Monday.
Beijing's state-owned financial institutions hoovered up shares, and regulators extended a selling ban on major companies, to quell investor fears after a tumultuous start to 2016 trading.
(Excerpt) Read more at telegraph.co.uk ...
You Freepers don't need to worry cause Old Yellen and Obozo will keep things under control here!
China
Killed tens of millions over the last 75 years.
Killed a generation of women.
Entire structure of economy and government full of corruption.
Marxist economic model.
What could go wrong?
This is Hollible!
you can only buy but you can’t sell ? Obama will try that next month
When you prop up Chinese stocks, an hour later they need propping up again.
No egg lorr for yoo!
They have copied us well.
And the best part is the fortune cookie you get after wards.
The Chinese government is now giving ones out that say:
“You will make a small fortune with your shrewd investing”
They forget to say that the investor started out with a LARGE fortune.
Communist Stock Market is an oxymoron.
Yet that is where US companies want to send jobs, technology and money.
Bump for reference.
All your shares are belong to us.
Excellent.
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