CHINA'S ECONOMY SLOWING DRAMATICALLY | |
Anonymous Coward (OP) User ID: 67179658 United States 07/22/2015 03:20 PM Report Abusive Post Report Copyright Violation | in the past few months we've seen a huge sell-off in the Chinese stock market, which has been viewed as either a harbinger of assured global economic doom or not a big deal because the Chinese economy isn't as financialized (meaning the actual economy won't be greatly affected by big swings in the stock market) as, say, the US economy. But as Cowen notes, whether the impact on US companies is related to the recent stock-market action or not, there appears to be something off about the Chinese economy. At least as it appears to some of the biggest US companies. |
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JustChilling
User ID: 67790386 United States 07/22/2015 03:27 PM Report Abusive Post Report Copyright Violation | Yes it is... That used to be normal for us before 08. We'll never see 7% again. We'll be lucky to see 2% and that's pushing it. Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. -Winston Churchill |
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Not A Shill
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Michele B
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Anonymous Coward User ID: 69843157 Japan 07/22/2015 07:28 PM Report Abusive Post Report Copyright Violation | China is a very corrupt nation. Now, so are many other nations, but China takes it to a whole new level. They lie their asses off about everything, none of their numbers are reliable, everything of value gets funneled off to poople with power and connections, they have no strong middle class (just hundreds of millions of peasants and a few super-billionares), they are all about nepotism and hooking their familes and buddies up, their is no rule of law, and their pollution levels are off the charts. On the plus side, they do work hard and and have national pride. I'm just worried that as things go from bad to worse there, the government will start getting more warlike and belligerant. Usually when any country faces internal dissent, a good quick way to create unity is to start up the patriotism engines by either acting warlike or starting a real war. If the US ever vacates the Pacific, countries like Taiwan, Japan, Philippines, Korea, Souteast Asia, etc. are big fat sitting ducks just waiting for China to come along and pick the meat off the bone. |
Anonymous Coward User ID: 53158832 United States 07/22/2015 07:46 PM Report Abusive Post Report Copyright Violation | GDP is a fake statistic, especially from China. They add sovereign debt into the calculation, and they continually modify how they calculate GDP. I think the US changed how they calculate GDP last year to include things like R&D, numbers they never used to include. In Europe some countries have started to include estimated spending on drugs and prostitution. For example. . |
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Thulsa
User ID: 61984016 United States 07/22/2015 07:50 PM Report Abusive Post Report Copyright Violation | Factor in that the Chinese love to gamble; a lot of that was evident in the run up of their stock market. Yes, down the last few months, but was up something like 70% give or take in the previous year. Their market is NOT an indicator of their economic activity or economy. Then again how much is ours these days??? There is nothing quite as compelling as a bad idea whose time has come... Thulsa |
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Lil Sis
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Anonymous Coward User ID: 33058243 United States 07/22/2015 08:24 PM Report Abusive Post Report Copyright Violation | in the past few months we've seen a huge sell-off in the Chinese stock market, which has been viewed as either a harbinger of assured global economic doom or not a big deal because the Chinese economy isn't as financialized (meaning the actual economy won't be greatly affected by big swings in the stock market) as, say, the US economy. Quoting: Anonymous Coward 67179658 But as Cowen notes, whether the impact on US companies is related to the recent stock-market action or not, there appears to be something off about the Chinese economy. At least as it appears to some of the biggest US companies. everyone is investing in Crimea |
Apocalypse Troll
Trollicus Apocalyptus User ID: 64211586 United States 07/22/2015 08:26 PM Report Abusive Post Report Copyright Violation | That number is pure fiction, promulgated to try to save their stock market. "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
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Lil Sis
User ID: 11213558 United States 07/22/2015 08:30 PM Report Abusive Post Report Copyright Violation | China's economy is literally collapsing and it is being propped up by it's government. Quoting: Anonymous Coward 62419772 You bet it is. Can you imagine if here in the US the market slumped like that so they closed it down for a couple of days, told 1/3 of companies they couldn't trade, and then dumped some freshly printed money it to revive it? Would you believe anything that they said a week later? Of course not. Why is anybody believing China which has lied 100% of the time on everything? Greed is so blinding. ************************************************************************ Corruptisima re publica plurimae leges. ~ Terence |
Anonymous Coward User ID: 40307584 United States 07/22/2015 08:37 PM Report Abusive Post Report Copyright Violation | China's stock market fake. After 6 moths investors will dump their shares. China's Shadow banking trillions more will be in abyss. China's illegal reclamation cementing of corals and shoals in the Pacific is Bad Feng-shui. Gold prices will go down - Global recession will hit China's hoarders. |
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