Posted on 08/23/2015 7:31:31 PM PDT by TigerLikesRooster
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.
(Excerpt) Read more at bbc.com ...
The best thing about China is Hong Kong but Beijing will never admit it. Because if they did so they would lose their whole deal.
If the Chinese in HK ever got control of the whole enchilada (which they don’t want), then China would be the economic and financial force of this century without doubt and could achieve reserve currency status.
But it will never happen. The players in Beijing will never give up their control, never.
They already dumped a lot of US Treasuries in past years but found it only caused their exports to be less competitive so they stopped the dumping but also stopped the buying. Instead they’ve been buying (using printed Yuan) dollars direct to prop it up against the Yuan but they couldn’t hold onto that scheme.
You are right, the US Treasuries are safe but US Stocks are vulnerable, very. Good point.
How stupid. It is the percentage that counts not the number. Why are people trying to spark fear into the markets? Maybe they are heavily invested in gold I wonder?
“This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History”
How stupid. It is the percentage that counts. Not the number. Why are people trying to spark fear into the markets? Maybe they are heavily invested in gold, I wonder?
You are very correct.
A song for Black Monday & your stock portfolio!!
https://www.youtube.com/watch?v=p13yZAjhU0M
Wipe Out!
the Dukes of Moral Hazard
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They ride around dropping money out of an orange helicopter. Makin’ their way, the only way they know how. ;)
Thanks,I think get it. So if it ever gets to the point in the current situation that their one stable asset(USA notes and bills) have to be sold. Then 1929 and 2008 will look like the ‘Good Ole Days”?
Will the two year notes be the ones to watch as the canary in the coal mine?
I hope the stock market here is not as affected.
I want to get rich this year!
Dow Jones mini futures just dropped below 16,000.
I'm waiting, this year is nasty.
I hope the stock market here is not as affected.
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You mean the Fed Market, don’t you? That’s what it really is. Fundamentals don’t matter and the market’s normal price discovery mechanisms were destroyed thanks to the Fed.
http://www.barchart.com/futures/heatmap
Question. Could this just be manipulation by the country with many chips in the game?
The Dow future is down 460 points at this time. Smaller government, here we come. :-)
Just about every major country right now is in deep trouble. Oil also relies
on the Dollar and when it's strong oil prices drop. The Dollar is also reflecting
strength because of the Chinese manipulation going wrong.
Welcome to our world, China.
We can pay the $1.2 Trillion we owe them with fake money tomorrow. Do they really want our fake money, it is as worthless as theirs.
Now, the Dow is down 482 points and below 16,000.
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