[TigerLikesRooster]

What the new downward market pressure on the RMB does indicate, however, is that China — for so long a no-brainer destination for investment — has turned into a big question mark. And it suggests that at least some domestic Chinese investors who have been inclined to sock their money into empty villas and condos — or big stockpiles of raw materials — are now looking for a way out.

Interesting time.

[TigerLikesRooster]

P!

[Psalm 73]

And they’re stuck with trillions in dubious US bonds....

[dog breath]

I will not grieve for the business owner who moved operations over there leaving their American workers shafted or the investors they took their risk. Life is a gamble. This will unfortunately impact everybody, lots of innocent Americans and Chinese citizens, for them I would grieve.

[The Working Man]

An interesting article and it does strike a chord in me. It appears that like so many other times and places a spiderweb of interconnected occurrences is happening in China. They and we cannot place our finger on any one thing and say “Ah ha! Fix this and your problems go away.”

So this spiderweb or house of cards depending on which metaphor you like is poised to collapse. Pull the right string, touch the right card and there you have it. Economic Collapse followed by societal collapse and ending up with a whole lot of people dead or injured.

[SeaHawkFan]

China’s efforts to maintain a low value on its currency is devastating them in the long run, and that time is close at hand.