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Keyword: china

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  • The Great Fall of China

    08/28/2015 6:44:22 AM PDT · by TigerLikesRooster · 4 replies
    Economist ^ | Aug 29th 2015
    The Great Fall of China Fear about China’s economy can be overdone. But investors are right to be nervous Aug 29th 2015 | From the print edition ONCE the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers with sellers. But every big sell-off is gripped by the same rampant, visceral fear. The urge to sell overwhelms the advice to stand firm. Stomachs are churning again after China’s stockmarket endured its...
  • Chinese 'Unicorn Woman' Grows Gigantic Horn In Middle Of Her Head

    08/28/2015 5:51:37 AM PDT · by ETL · 21 replies
    Yahoo News ^ | Aug 27, 2015
    An elderly Chinese villager has been dubbed “the unicorn woman” due to an abnormal growth on her head that looks like a large horn, it’s reported. Liang Xiuzhen started growing something that resembled a “black mole” on her head around eight years ago, according to her son Wang Chaojun. The 87-year-old, from Guiyan village in Ziyang City, Sichuan Province, was left stunned when two years ago it gave way to a finger-sized horn-like mass. Xiuzhen accidentally “broke” that small horn in February - and her current, much larger, horn - which is currently 13cm [5-1/8 in] long -began growing rapidly...
  • Chinese Oil Companies Brace for Turbulent Second Half

    08/28/2015 4:54:12 AM PDT · by thackney · 4 replies
    Wall Street Journal ^ | Aug. 26, 2015 | BRIAN SPEGELE
    Chinese oil companies say they are bracing for a turbulent second half and no relent of the low oil prices that have sent their earnings plunging. Amid weak global economic growth that is constraining demand for everything from oil to natural gas and iron ore, first-half results on Wednesday underscored the magnitude of a spending pullback by China’s oil majors. In releasing interim results, Chinese oil companies Cnooc Ltd. and Sinopec Corp. said they had little expectation for a sharp rebound in oil and natural gas prices. “There is little optimism in the world’s macro-economic environment,” Cnooc Chairman Yang Hua...
  • Dalai Lama's 'Middle Way Approach' Snubbed by Xi Jinping

    08/27/2015 11:22:57 PM PDT · by nickcarraway · 5 replies
    After the conclusion of the CPC Central Committee and State Council's 6th Forum on Tibetan Work, Chinese president Xi Jinping stated that the focus of policy towards Tibet should be centered on maintaining national integrity and unity among Chinese people, as well as ensuring the long-term peaceful governance of the region and to crackdown on separatism and maintain an unshakeable stance against the campaign of the Dalai Lama and his followers, according to Duowei News, a media outlet run by overseas Chinese. Xi also came up with a catchy 20-character summary of his Tibet policy which roughly translates as, "Rule...
  • Dow up as China admits propping up currency

    08/27/2015 5:52:47 PM PDT · by SkyPilot · 2 replies
    WND ^ | 27 Aug 15 | Jerome R. Corsi
    U.S. stocks rallied again Thursday, with the Dow Jones Industrial Average closing at 16,654.77, up 369.26 points, as the Chinese government admitted intervening in foreign currency markets to prop up the value of the yuan. The communist government also admitted simultaneously intervening in the Chinese stock market to halt further declines. The average investor got a second breather this week as the Dow gained back Wednesday and Thursday the 1,000 points lost in opening trading Monday in a roller-coaster market that shows no signs of stabilizing. Market Watch reported the Treasury market, a comfortable haven for many nervous investors,...
  • President Xi just changed the rules of the game in China — Makes things scarier for everyone

    08/27/2015 2:35:57 PM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 08/27/2015 | Linette Lopez
    The rules of engagement have changed in China. There was a time when loyalty to the party, and loyalty to President Xi Jinping, meant the government left you alone. But there is now a crisis on, and even those who thought they might be safe from the president's ongoing crackdown on corruption need to watch their backs. Someone has to take the fall for a crashing stock market, a slowing economy, and the 145 people killed as a result of an industrial accident in Tianjin earlier this month. And it's not going to be President Xi Jinping. On Thursday the...
  • Chinese Medicine Not Impressing Dr Copper

    08/27/2015 10:57:54 AM PDT · by blam · 4 replies
    Market Oracle ^ | 8-27-2015 | Dan_Norcini
    August 27, 2015 Dan_Norcini Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements. The red metal cannot sustain any upside action for long before sellers emerge to whack it again. This is number one of my THREE BIG C’s, Copper, Crude oil and Cotton. So what exactly are the other two C’s telling us? (snip)
  • The China Syndrome: 10% annual growth rate is one of the great frauds in global economic history

    08/27/2015 7:07:41 AM PDT · by SeekAndFind · 15 replies
    American Thinker ^ | 08/27/2015 | Greg Lewis
    The ongoing stock market meltdown is just the tip of the iceberg that is the dangerously precarious China economy. The back story -- the extraordinary market manipulation that has allowed the global economy to come to this potentially disastrous pass -- is what few commentators have yet spelled out. Here are some particulars. Most of the trillions of fiat dollars the Federal Reserve Bank has pumped into the U.S. economy as part of its Quantitative Easing (QE) strategy since 2009 have gone directly into the stock market, inflating the value of stocks to unsustainable levels. The Shiller Price/Earnings Ratio has...
  • CNN Tells Americans That The Stock Market Is Not Going To Crash

    08/26/2015 4:45:15 PM PDT · by SkyPilot · 26 replies
    The Economic Collapse ^ | 26 Aug 15 | Michael Snyder
    On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote about yesterday. Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum. Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market....
  • It's The Final Meltdown...(economic collapse)

    08/26/2015 12:33:19 PM PDT · by SatinDoll · 20 replies
    The Market-Ticker ^ | August 28, 2015 | Karl Denninger
    Oh yes, remember the banks cleaned up their balance sheets and closed all those pesky derivative trades.... Right? "NEW YORK – This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished." “We saw strange things in the data,” said Chris Barnes, a former swaps trader now with ClarusFT, a London-based data firm." Except.... they didn't vanish. They went overseas, but are still there. Just remember, it was CDS and IR products that blew up the world last time, and you...
  • U.S. Stock Markets Close Up Sharply as Global Indexes Show Signs of Stability

    08/26/2015 1:09:51 PM PDT · by sparklite2 · 26 replies
    NY Times ^ | 8/26/2015 | NYT
    The Standard & Poor’s 500-stock index and the Dow Jones industrial average closed up nearly 4 percent, with the Dow gaining more than 600 points.
  • STOCKS GO NUTS, DOW GAINS 620

    08/26/2015 1:29:03 PM PDT · by blam · 61 replies
    BI ^ | 8-26-2015 | Myles Udland
    Myles Udland August 26, 2015The rally stuck. After markets surged early on Wednesday, the market started to give up its gains and a replay of Tuesday's action — when the Dow gained more than 400 points but closed down 200 — seemed in the cards. But in the final hour of trading stocks rocketed higher, finishing near their highest levels of the day. On a points basis, this was third-largest daily gain for the Dow ever, while the S&P 500 had its best day since November 2011. But the main story of markets in recent weeks — which is that...
  • Forget About The Market For A Second, And Remember The US Economy Is Kicking Butt

    08/26/2015 7:37:34 AM PDT · by blam · 37 replies
    BI ^ | 8-26-2015 | Bob Bryan
    Bob BryanAugust 26, 2015The stock market has been on a wild ride the past few days, but if you look beyond that, the US economy is doing just fine. There are numerous explanations for the sell-off in the markets, but none of them are because of the American economy. Unemployment is still down around its pre-recession levels, the housing market is still improving with more being built and increasing values, consumer confidence is very healthy, and gross domestic product is still growing. None of that has changed. In trying to explain the chaos, most analysts have noted that, for the...
  • US Federal Reserve still expected to raise interest rates

    08/26/2015 5:12:03 AM PDT · by expat_panama · 48 replies
    The Irish Times ^ | Wed, Aug 26, 2015 | Simon Carswell
    China’s stuttering economy might come more strongly into view from the Rocky Mountains at this week’s Jackson Hole meeting of central bankers following the chaos in the stock markets. Many economists still expect the Federal Reserve to stay the course and start raising interest rates this year. Despite the wild see-sawing of US stocks after China’s “Black Monday” meltdown, the bet is on the central bank to move soon and start weaning the US off rates that have stayed near zero since 2008. The annual policy conference in the Grand Teton National Park in Wyoming, starting onon Thursday, has traditionally...
  • Markets Are Surging

    08/26/2015 5:53:35 AM PDT · by blam · 20 replies
    BI ^ | Myles Udland
    Myles Udland August 26, 2015 For the second day in a row, US stock futures are surging. Near 7:15 a.m. ET, Dow futures were up 300 points, S&P 500 futures were up 39 points, and Nasdaq futures were up 84 points. Wednesday morning's rally in US futures follows an ugly day on Tuesday, which saw stocks rally sharply early in the day before a huge sell-off in the final hour of trading. All told, the Dow fell more than 600 points from its peak on Tuesday to the market close. On Tuesday, all three major US indexes closed in the...
  • Get a grip! The markets are a little nutso. Don’t you go there, too

    08/26/2015 5:33:24 AM PDT · by SeekAndFind · 6 replies
    Washington Post ^ | 08/26/2015 | Allan Sloan
    If you want to understand what’s going on in the stock market and what you should do with your own investments, don’t assume the past three trading days have been rational. And don’t talk about a market “correction.” Doing that will rot your brain. And don’t panic. Although this is an ugly market, this isn’t anything like the 2008-09 meltdown that wiped out millions of homeowners’ equity and put the world’s financial markets at risk. This is a stock market decline that, as we’ll see in a bit, has a serious impact on only a relatively small number of Americans....
  • China Stocks Are Higher

    08/26/2015 9:04:26 PM PDT · by blam · 15 replies
    BI ^ | 8-26-2015 | David Scutt
    David Scutt, Business Insider Australia August 26, 2015Chinese stocks have finished Thursday’s morning session sharply higher. At the mid-session the benchmark Shanghai Composite index is up by 1.55% following three days of savage losses. Despite the gain, the index is still down 15.26% for the week. All sectors are currently trading higher with industrials, up 2.8%, topping the list. (snip)
  • Birth tourism from China to the U.S. actually is a problem [Jeb Bush was right]

    08/26/2015 6:07:48 AM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 08/26/2015 | Taylor Millard
    Jeb Bush is getting some heat for a comment he made in South Texas where he said his use of the term “anchor babies” didn’t involve Central Americans, but Asians. He’s actually right (and this is one of the few times I’ll write this). Here’s his comment: As I said in Spanish. My background, my life, the fact that I’m immersed in the immigrant experience. This is…this is ludicrous for the Clinton campaign and others to suggest that somehow, somehow, I’m using a derogatory term. What I was talking about was the specific case of fraud being committed where...
  • The Oldest Fallacy in Economics: Donald Trump and Bernie Sanders have fallen for it

    08/26/2015 5:29:57 AM PDT · by SeekAndFind · 66 replies
    Foundation for Economic Education ^ | 08/25/2015 | DONALD J. BOUDREAUX
    The quote of the day comes from pages 476-477 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:At one time, it was believed that importing more than was exported impoverished a nation because the difference between import and exports had to be paid in gold, and the loss of gold was seen as a loss of national wealth. However, as early as 1776, Adam Smith’s classic The Wealth of Nations argued that the real wealth of a nation consists of its goods and services, not its gold supply.\ Too many people have yet to grasp the full implications of...
  • China's Rate Cut Failed To End The Market Chaos

    08/26/2015 4:16:06 AM PDT · by blam · 9 replies
    BI ^ | 8-26-2015 | David Scutt
    David Scutt, Business Insider Australia August 26, 2015Despite further monetary policy easing from the People's Bank of China and restrictions on some forms of futures trading, Chinese stocks fell yet again on Wednesday. Whatever word you choose to describe it — chaotic, wild, skittish, or others — the movements during the session were ridiculously rapid. Stocks opened higher, then tanked, then roared higher again before sliding into the close. It's truly head-spinning stuff, but increasingly familiar for those who have been watching closely. (snip)
  • Desperate Russia opens doors for foreign militaries

    08/26/2015 12:11:35 AM PDT · by sukhoi-30mki · 1 replies
    Business Standard ^ | August 26, 2015 | Ajai Shukla
    Russian President Vladimir Putin's foreign policy stance has invited damaging economic sanctions from the US and the European Union. These have squeezed the important sectors that earn most of Russia's money -- oil, banking services and defence exports. Battering the Russian economy further are plummeting oil prices, which are blocking Putin's 2010 pledge to spend some 20 trillion roubles -- about $650 billion then -- to revamp his ageing arsenal. After years of defence spending increases, Russia's 2015 budget has hit a roadwall. Moscow has scaled back plans for buying 500 warplanes from 2011-2016, as well as the new Armata...
  • Possible Troop Movements in China?

    08/25/2015 12:34:19 PM PDT · by RinaseaofDs · 62 replies
    http://www.foxbusiness.com ^ | 8/25/2015 | RinaseaofDs
    Watching the end of the trading day on Fox Biz when the market dropped from 300 to 103 in two minutes. Trader told Liz Claman that the rumor is going around the trading floor that there may be a coup underway in China, and troop movements are being reported in Beijing. It was funny watching a trader hand news to a journalist. Claman was caught flat-footed. Fox hasn't done anything about the rumor in the five minutes it was reported. Nothing on Drudge about China yet.
  • Behind China's crisis, consumers driven underground – literally

    08/25/2015 10:03:05 AM PDT · by Zhang Fei · 14 replies
    Globe and Mail ^ | Friday, Aug. 21, 2015 5:21PM EDT | Doug Saunders
    When 16-year-old Xie Junwen comes home from school, he steps off the bus in an industrial corner of southern Beijing, walks through the dilapidated courtyard of an apartment building, steps around the entrance, into a murky-smelling corner, and makes his way through a narrow alley that leads to an unlit service staircase. He follows this staircase down, and down, and down. There, four metres below the surface, is a warren of small rooms joined by a labyrinth of hallways. I step into Junwen’s. It’s the size of a typical 16-year-old’s bedroom in the West: nine by 16 feet. Bare fluorescent...
  • Wall Street set to bounce after historic selloff

    08/25/2015 6:15:14 AM PDT · by expat_panama · 52 replies
    Yahoo Finance ^ | Aug 25, 2015 | Jenny Cosgrave
    U.S. stock index futures pointed to a sharply higher open on Tuesday, recovering from the plunge seen in global stocks on Monday as mayhem in Chinese markets and interest rate fears dominated markets. Dow futures were up around 450 points in premarket trading, implying a 320 point bounce at the open and shrugging off deeper selling in China. Equity markets in China fell further in the final hour of trading on Tuesday, with the Shanghai Composite (Shanghai Stock Exchange: .SSEC) settling below the key 3,000 mark, to end the day down 7.6 percent. Read More More selling may be ahead,...
  • VIDEO: Chinese Wing Loong UAV carries out weapon drops

    08/25/2015 2:46:35 AM PDT · by sukhoi-30mki · 5 replies
    Flightglobal.com ^ | August 24, 2015 | BETH STEVENSON
    The state-owned China Central Television (CCTV) news channel has released a previously unseen video of Beijing’s AVIC Wing Loong unmanned air vehicle carrying out weapons testing. Conducted in the autonomous region of Inner Mongolia in northern China in July, the testing saw the UAV fire eight weapon types at targets to show the flexibility of the system, AVIC says. “[UAVs] that can both reconnoitre and attack have to function like this. It is unknown what kinds of targets are on the ground,” Li Yidong, deputy chief engineer of Wing Loong at AVIC’s Chengdu Engines, told CCTV. “You cannot use just...
  • When India sought covert United States help to tackle the ‘triple squeeze’ of 1965

    08/25/2015 2:37:02 AM PDT · by sukhoi-30mki · 4 replies
    The Indian Express ^ | August 25, 2015 | Sushant Singh
    At the peak of the 1965 war with Pakistan, India had asked the United States to covertly provide experts to work with Indian military officials to tackle the Chinese threat. This request was made to the US Embassy in Delhi by L K Jha, principal secretary to prime minister Lal Bahadur Shastri, on September 18, 1965, after India detected Chinese movements in battalion strength on the eastern border of Ladakh and in Chumbi Valley. Worried by indications that China was getting ready for military action against India to relieve the pressure on Pakistan, Jha stressed to the embassy that providing...
  • Shanghai Comp skids 7.63% to end at 8-month low

    08/25/2015 12:30:49 AM PDT · by TigerLikesRooster · 9 replies
    CNBC ^ | Aug. 25, 2015 | See Kit Tang
    Shanghai Comp skids 7.63% to end at 8-month low See Kit Tang | @SeeKit_T The mayhem in Chinese equity markets showed no signs of abating on Tuesday, with the benchmark Shanghai Composite index accelerating its downfall in the final hour of trading to settle below the key 3,000 mark. Japan's Nikkei 225 index was the second-biggest laggard in the region, closing down 4 percent, after turning negative in the afternoon trading session. Earlier in the session, the Tokyo bourse had staged a comeback, alongside most of the other regional stock indices, on the back of bargain hunting in beaten-down stocks...
  • Walker calls on Obama to cancel Chinese state visit

    08/24/2015 10:55:24 PM PDT · by Cincinatus' Wife · 44 replies
    The Hill ^ | August 24, 2015 | Katie Bo Williams
    Wisconsin Gov. Scott Walker, a GOP presidential contender, is calling on President Obama to cancel the upcoming state visit by Chinese President Xi Jinping. “Americans are struggling to cope with the fall in today's markets driven in part by China's slowing economy and the fact that they actively manipulate their economy," Walker said in a statement. “Rather than honoring Chinese President Xi Jinping with an official state visit next month, President Obama should focus on holding China accountable over its increasing attempts to undermine U.S. interests." His statement came on a turbulent day for markets after Chinese stocks tumbled, setting...
  • Donald Trump may be good news for India

    08/24/2015 9:05:16 PM PDT · by Jyotishi · 11 replies
    Niti Central, niticentral.com ^ | Tuesday, August 25, 2015 | Sitaramarao Yechuri
    There have been many news stories in recent days about Donald Trump's proposed policy on H1-B visas and how that would be bad for India. Trump has advocated raising the minimum wage for H1-B visas, lowering the H1-B visa cap and generally making H1-B visas more difficult to obtain. Trump points out that his competitor Florida Senator Marco Rubio has introduced a bill to triple the H-1B visas and Trump contends that this would lower the average wage because the H1-B workers are willing to work harder for a lower wage because they want to get a green card. News...
  • A 1,000-point Dow drop .... How an hour of panic unfolded as markets opened

    08/24/2015 8:39:34 PM PDT · by canuck_conservative · 105 replies
    National Post [Canada] / Bloomberg ^ | Monday August 24, 2015 | Lu Wang
  • Hero: Unable to carry on, woman chugs entire bottle of cognac at airport security

    08/24/2015 7:54:10 PM PDT · by Kaslin · 104 replies
    Hot Air.com ^ | August 24, 2015 | Guy Benson
    Consider this your evening palate cleanser, appropriately alcohol- and China-related in light of today’s drink-inducing rollercoaster ride on Wall Street. Sorry aspirants — this year’s Alcohol Olympics are over, and we have ourselves an undisputed gold medalist. Raise the flag and strike up the band: We’ve all been stopped at airport security with a forgotten bottle of water, which we can either toss away or drink quickly in front of airport security. But what happens if that liquid is not water, but an entire bottle of European cognac? For airline passenger Miss Zhao, there was only one solution: slam it...
  • China's stock markets opens sharply lower as rout shows no sign of let-up

    08/24/2015 6:54:40 PM PDT · by Pete from Shawnee Mission · 24 replies
    South China Morning Post ^ | Tuesday, 25 August, 2015, 9:18 pm EST | Enoch Yiu
    Shanghai shares crumbled from fresh selling on Tuesday as a rout shows no sign of slowing down in the market as investors flee the market. The Shanghai Composite Index opened at 3,004.13 point, down 6.41 per cent, or 205.87 points. The CSI300 index of Shanghai-Shenzhen large cap stocks opens at 3,070.01 , down 6.27 per cent or 205.52points. The Shenzhen Composite Index opens at 1,751.28, down 6.97 per cent or 131.18 points. The NASDAQ-style ChiNext Price Index dropped 6.94 per cent, or 149.30 points to open at 1,996.04..
  • BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points 2 Consecutive Days

    08/24/2015 5:50:43 PM PDT · by SkyPilot · 84 replies
    The Economic Collapse ^ | 24 Aug 15 | Michael Snyder
    On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow actually performed better than almost every other major global stock market on Monday. In the U.S., the S&P 500 and the Nasdaq both did worse than the Dow. In Europe, almost every major index performed significantly worse than the Dow. Over in Asia, Japanese stocks were down...
  • You know the stock market is in trouble when Apple's Tim Cook is emailing Jim Cramer

    08/24/2015 6:21:07 PM PDT · by SeekAndFind · 52 replies
    The Verge ^ | 08/24/2015 | By Ben Popper
    Stock markets around the world have been posting big losses for the last few days. The route was especially rough this morning, with the DOW Jones at one point falling 1,000 points in less than an hour. At the heart of the current slide is an issue which could impact many tech companies: economic weakness in China. Two weeks ago China's government made an aggressive move to devalue its currency. This followed several weeks of tumult in the Chinese stock market, during which the government had also interceded with force. Taken together, investors saw a Chinese market where growth was flagging. That...
  • Trump: China's Yuan Devaluation Will Devastate US (Trump Warned Us, Others Confused)

    08/24/2015 2:47:22 PM PDT · by xzins · 57 replies
    NewsMax ^ | Tuesday, 11 Aug 2015
    Republican presidential candidate Donald Trump on Tuesday said China's devaluation of the yuan would be "devastating" for the United States as the global currency war entered a new and critical phase. "They're just destroying us," the billionaire businessman, a long-time critic of China's currency policy, said in a CNN interview. "They keep devaluing their currency until they get it right. They're doing a big cut in the yuan, and that's going to be devastating for us." Earlier on Tuesday, China devalued its currency following a series of poor economic data in the yuan's biggest fall since 1994. Some said this...
  • DONALD TRUMP Weighs in on Market Crisis: “I’ve Been Telling Everybody… China Could Bring Us Down”

    08/24/2015 12:21:48 PM PDT · by Enlightened1 · 71 replies
    Gateway Pundit ^ | 08/24/15 | Jim Hoft
    Donald Trump weighed in on the market crisis today. He even dropped the “d” word. "Depression- be careful of China! https://instagram.com/p/6xT08ZGhQc/" Donald Trump warned Americans on Instagram: “I’ve been telling everybody for a long time China is taking our jobs and taking our money. Be careful they’ll bring us down. You have to know what you’re doing. We have nobody that has a clue.” Donald also posted about the crisis on Twitter: "@ZephyrusMatrix: Will you finally get respect for predicting U.S. concerns even weeks before disaster strikes.The country needs a visionary"
  • As Stocks Melt Trump Tweets: America Is Too Tied To China

    08/24/2015 8:39:38 AM PDT · by Biggirl · 55 replies
    Breitbart.com ^ | August 24, 2015 | John Nolte
    As the American stock market opened to lows unseen since the 2008 economic meltdown, (as of this writing it is down only 373 points — a fairly typical down day), Republican presidential frontrunner Donald Trump took to Twitter to refresh his longstanding political message that the American economy allows “China and Asia to dictate the agenda”.
  • BLACK MONDAY: CHINA STOCKS LEAD GLOBAL COLLAPSE

    08/24/2015 7:43:54 AM PDT · by Biggirl · 36 replies
    breitbart.com ^ | August 24, 2015 | Breitbart News,David Scutt,Business Insider
    The global market crash continued on Monday, starting with China and then continuing around the world.
  • GREAT FALL OF CHINA SINKS WORLD STOCKS DOW FUTURES -666 (Drudge Headline)

    08/24/2015 5:40:42 AM PDT · by tired&retired · 41 replies
    Drudge Report ^ | August 23,2015 | Drudge
    LONDON (Reuters) - Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors.
  • ‘Black Monday’ on Chinese stock market as shares plummet by more than 8% ...

    08/24/2015 5:06:25 AM PDT · by TigerClaws · 41 replies
    ‘Markets are panicking,’ said Takako Masai, the head of research at Shinsei Bank in Tokyo. ‘Things are starting to look like the Asian financial crisis in the late 1990s. Speculators are selling assets that seem the most vulnerable.’ Even a last ditch attempt to rescue the market by introducing investment from pension funds failed to limit the serious losses as investors continue to flee the equity market. Read more: http://www.dailymail.co.uk/news/article-3208576/Black-Monday-Chinese-stock-market-shares-plummet-8-world-s-second-biggest-economy-continues-freefall.html#ixzz3jjXj2oMb Follow us: @MailOnline on Twitter | DailyMail on Facebook
  • Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks (BDI)

    08/24/2015 4:58:46 AM PDT · by blam · 17 replies
    Zero Hedge ^ | 8-24-2015 | Tyler Durden
    Tyler Durden 08/23/2015 Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably rising, and at last check it was hovering just above 1,100. That is no longer the case, and just as with everything else in recent months, the Baltic Dry dead cat bounce is now over, with the...
  • Russia's ruble falls to lowest this year, market drops over 4%

    08/24/2015 3:32:11 AM PDT · by elhombrelibre · 28 replies
    AFP ^ | 24 Aug 15 | Unknown
    Moscow (AFP) - Russia's battered ruble dropped Monday to its lowest point this year as Asian and European stock markets nose-dived over concerns about the Chinese economy. Russia's dollar-denominated RTS index fell 4.21 percent at opening as the ruble tumbled to 70.92 against the dollar, its weakest against the greenback since December 2014. The ruble-denominated Micex meanwhile dropped by 1.76 percent. The plunge in oil prices and Western sanctions over Moscow's role in the Ukraine crisis have pummelled the Russian economy in recent months, with the ruble collapsing in value. Russia's recession worsened in the second quarter as the gross...
  • Dow futures tumble as Wall Street preps for meltdown

    08/24/2015 4:00:11 AM PDT · by EBH · 330 replies
    CnbC ^ | 8/24/2015 | Jenny Cosgrove
    U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied. These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent . Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
  • US Stock futures already at -347 points at 5:59am EST.

    08/24/2015 2:57:20 AM PDT · by Enlightened1 · 106 replies
    CNBC ^ | 08/24/15
  • Michael Pettis: 12 Global Predictions

    08/23/2011 1:02:45 PM PDT · by Kaslin · 5 replies
    Townhall.com ^ | August 23, 2011 | Mike Shedlock
    Via email, Michael Pettis at China Financial Markets shared his outlook for China, Europe, and the world. The overall outlook is not pretty, and includes a breakup of the Eurozone, a major slowdown for China, and a smack-down of the much beloved BRICs. Pettis Writes ... August is supposed to be a slow month, but of course this August has been hectic, and a lot crueler than April ever was. The US downgrade set off a storm of market volatility, along with bizarre concern in the US about whether or not China will stop buying US debt and the economic...
  • Angry investors capture head of China metals exchange

    08/23/2015 8:57:44 PM PDT · by Leaning Right · 18 replies
    FT.com ^ | August 23, 2015 | Lucy Hornby
    The Financial Times is very sensitive about cut-and-paste. So suffice to say that a mob grabbed the head of a Chinese metals exchange, roughed him up, then turned him over to police.
  • Chinese shares drop in dramatic free-fall(-8.4%)

    08/23/2015 7:31:31 PM PDT · by TigerLikesRooster · 140 replies
    BBC ^ | 24 August 2015
    Chinese shares drop in dramatic free-fall 24 August 2015 Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders. The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's sharp losses. The sell-off continued despite China's latest attempts to reassure investors. Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.
  • A Word To the vineyards and its leaders [Charismatic Caucus}

    08/23/2015 12:45:41 PM PDT · by Jedediah · 4 replies
    The Joshua Chronicles | Jedediah, Holy Spirit
    You are my tabernacles when you receive the Voice of your Shepherd but this I have against you, Your own fear to allow My Voice to speak openly in My Very Tabernacle you abide in ?! This is not an admonishment but a command , to allow My Voice according to My Word. So do not despise The Voice of My Spirit speaking through the vessels of My Choice for I have sent them and they are of My Kingdom for My Glory TO The Vineyards in My Field of Harvest ! Listen ,write,obey according to My Spirit for My...
  • China Tests Most Dangerous Nuclear Weapon of All Time

    08/23/2015 2:42:05 PM PDT · by 2ndDivisionVet · 45 replies
    Zero Hedge ^ | August 21, 2015 | Tyler Durden
    China conducted a flight test of its new intercontinental ballistic missile (ICBM) this month. This week, Bill Gertz reported that earlier this month, China conducted the fourth flight test of its DF-41 road-mobile ICBM. “The DF-41, with a range of between 6,835 miles and 7,456 miles, is viewed by the Pentagon as Beijing’s most potent nuclear missile and one of several new long-range missiles in development or being deployed,” Gertz reports. He goes on to note that this is the fourth time in the past three years that China has tested the DF-41, indicating that the missile is nearing deployment....
  • Sinking currencies point to jitters about emerging economies

    08/22/2015 11:50:18 PM PDT · by Rabin · 3 replies
    myway ^ | Aug 21, 3:18 PM (ET) | PAUL WISEMAN and JOSHUA GOODMAN
    In "emerging markets" worldwide, currencies are falling because "emerging markets" are on the verge of a fall. Hyped until recently, "emerging markets" are now designated casualties of slower growth in "emerging market". Investors worry that the "emerging markets" monster China currency manipulation will surpass the "us lobby" capacity to buy off politically correct response. Many "economists" are confident that the U.S. economy can continue to be milked just like Europe's economy. Even so, the trouble in (non China) "emerging markets" is surprising and unsettling. "It's remarkable Three years ago Lima, was chosen to host an International Monetary Fund's meeting of...