Skip to comments.
China slashes interest rates as panic spreads
Telegraph ^
Posted on 11/26/2008 9:17:57 AM PST by traumer
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-23 next last
1
posted on
11/26/2008 9:17:57 AM PST
by
traumer
To: traumer
2
posted on
11/26/2008 9:18:36 AM PST
by
traumer
To: traumer
Welcome to the party PAL....
3
posted on
11/26/2008 9:20:35 AM PST
by
traumer
To: traumer
Many were saying months ago (before the games) that as this world economy thingee went south, things could get VERY ugly in China.
From the article: “Two major provinces, Shandong and Hubei, have already responded by banning companies from firing staff without permission from the government.”
Gee, what if you can’t make payroll? Socialists are idiots. Seriously.
4
posted on
11/26/2008 9:25:16 AM PST
by
RobRoy
(Islam is a greater threat to the world today than Nazism was in the 1930's.)
To: RobRoy
If the company cannot meet the payroll it’ll obtain a ‘chinese bailout’....
:o)
5
posted on
11/26/2008 9:36:47 AM PST
by
traumer
To: traumer
Political protest is illegal in China. But economic protests are common, often over corruption or abuse of workers by a business.
6
posted on
11/26/2008 9:52:57 AM PST
by
gogov
To: RobRoy
Someone’s gonna have to fill me in....why’s China in bad shape? Because they hold our debt?
7
posted on
11/26/2008 9:54:38 AM PST
by
Claud
To: Claud
China makes all our stuff. When we stop buying stuff, they stop selling stuff. Factories close just as people started pulling themselves out of the mud. And they created a huge production infrastructure for producing stuff for us. Now they are kinda stuck.
And it is gonna get a LOT worse in the next year or three.
8
posted on
11/26/2008 9:59:59 AM PST
by
RobRoy
(Islam is a greater threat to the world today than Nazism was in the 1930's.)
To: RobRoy
Makes sense. Thanks for the explanation!
9
posted on
11/26/2008 10:02:58 AM PST
by
Claud
To: Claud
My explanation sounded kinda condescending. Sorry. that was not my intent. I was being just a bit silly on purpose. :)
10
posted on
11/26/2008 10:08:30 AM PST
by
RobRoy
(Islam is a greater threat to the world today than Nazism was in the 1930's.)
To: Claud
whys China in bad shape? China is living from paycheck to paycheck and needs cash flow, and it is not just the USA that is failing to buy consumer merchandise.
11
posted on
11/26/2008 10:08:44 AM PST
by
RightWhale
(Exxon Suxx)
To: Claud
Part of the reason is that they make all the stuff that the rest of the world isn’t buying at the moment. Massive inventory oversupply.
To: RobRoy
Two major provinces, Shandong and Hubei, have already responded by banning companies from firing staff without permission from the government. After reading that sentence, Obama began to giggle...
13
posted on
11/26/2008 10:13:00 AM PST
by
COBOL2Java
(Obamanation: an imploding administration headed by a clueless schmuck)
To: RobRoy
But since they sit on a big pile of ca$h - they can bail the companies out...
14
posted on
11/26/2008 10:13:01 AM PST
by
traumer
To: RobRoy
No sweat...I didn’t take it that way at all!
15
posted on
11/26/2008 10:15:49 AM PST
by
Claud
To: renosathug
Part of the reason is that they make all the stuff that the rest of the world isnt buying at the moment. Massive inventory oversupply. Hm. Take "they" and "stuff" out of that sentence and replace it with "we" and "dollars" and we may be looking at our fate as well.
16
posted on
11/26/2008 10:17:22 AM PST
by
Claud
To: traumer
>>But since they sit on a big pile of ca$h - they can bail the companies out...<<
We’ll see how that works for them.
17
posted on
11/26/2008 10:22:52 AM PST
by
RobRoy
(Islam is a greater threat to the world today than Nazism was in the 1930's.)
To: Claud
As Sarah Palin would say, “You betcha.”
To: renosathug
19
posted on
11/26/2008 10:29:34 AM PST
by
traumer
To: RobRoy; Claud
The added scary thing about China is when you add in the consequences of their one-child policy. Too many families wanted boys and committed infanticide when daughters were born, so now there are significantly more young men than there are young women. Think about tens of millions of un/underemployed young men with no chance of getting laid EVER. That just breeds aggression and militancy.
20
posted on
11/26/2008 11:12:12 AM PST
by
Hoffer Rand
(There ARE two Americas: "God's children" and the tax payers)
Navigation: use the links below to view more comments.
first 1-20, 21-23 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson