So what’s causing this exactly...central banks playing around maybe?
Central banks investing in stock markets creating bubbles.
Our stock market is 30-40% overvalued as a result. They’re trying to wait for Obama to get out of office for the next ‘correction’ to hit. Not going to work.
“So whatâs causing this exactly...central banks playing around maybe?”
Jingoism, at least in part many of the Chinese are convinced their market will never crash because this is, to them, the Chinese century. They will buy stocks that are on the way up because they don’t think they’ll ever go down.
There has never been a major crash in the Chinese market so the don’t believe there will be one.
Central banks have been intervening in markets for years trying to prevent what is happening right now. Our nitwit market manipulators are informally known as the Plunge Protection Team. Other countries have their own versions.
TigerClaws is exactly correct. There is a huge bubble right now in the market ... pumped up by trillions of dollars in zero % printed money.
For the last several months, commodities have been crashing, followed by junk bonds, and now this.
China’s economy is the perfect definition of a paper tiger.
Wonder how truthfully the True vigger and vitality of their military really is ?
Is the steel of their naval ships up to snuff ?
To answer this question is to look at the quality control of their construction secter.
Oh yes: And their Muslims are acting up.
No, this is occurring on top of the fascistic (truly, in an economic sense) banking and financial system.
This is the result of:
1. China’s economic “boom” was a bubble from the get go.
2. Their economic data was all cooked. Their ghost cities proved many years ago it was all BS
3. China’s exports are not bringing in the money they need to sustain their government, especially now that many, many Chinese farmers, etc. left their former lives to join the manufacturing force.
4 As a result of 1-3, China has begun a currency war. Two of the effects of a currency war are that, first, no one wants your currency because it could be devalued the day after you get it, and two, no one wants to agree to trade contracts because the “value” of the exchange for your country’s own currency and the goods/services could also be impacted by the changing currency.