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I don't know, I wouldn't try and pull the wool over a banana cart salesman's eyes.
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Jul 10, 2015 07:35
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stocks are a lot like bananas, they grow up in the trees but at some point you have to bring them down to earth and eat them
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Jul 10, 2015 20:57
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How does one go about getting large sums out of China anyway? (asking for a friend)
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Jul 10, 2015 21:20
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Rated PG-34 posted:How does one go about getting large sums out of China anyway? (asking for a friend) You launder it to Hong Kong dollar at high stakes gambling tables in Macau and then can change it for western currencies and store it in your swiss bank account.
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Jul 10, 2015 22:09
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Rated PG-34 posted:How does one go about getting large sums out of China anyway? (asking for a friend) Your bank card works in Macau. Go to a pawn shop and buy a nice watch for 100k+ using your bank card and immediately sell the watch back to the pawnshop. They will take a small commission but you now have unrestricted currency. Alternatively, buy the watch in China, wear it over the border, and trade it at a pawn shop with a larger commission.
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Jul 11, 2015 03:08
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Sheng-ji Yang posted:The potemkin market lives!  This is completely goddamn preposterous.
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Jul 11, 2015 03:17
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No, by freezing trading on all stocks that were losing value, they solved the problem. The numbers are not going down now 
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Jul 11, 2015 03:20
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Rated PG-34 posted:How does one go about getting large sums out of China anyway? (asking for a friend) Bitcoin 
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Jul 11, 2015 07:14
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Rated PG-34 posted:How does one go about getting large sums out of China anyway? (asking for a friend) For my wife's business, we run into this problem. Each Chinese citizen is only allowed to wire out $50,000 a year. Luckily, she has 4 sisters and a brother, so we use their names to wire out cash. You are limited to $5,000 in cash to carry out on an airplane per person. The Macau thing might be what we end up doing if her business keeps going like it has been.
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Jul 11, 2015 21:17
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My national media is apparently too occupied with Greece to inform me that there might be some sort of collapse in the world's second-largest economy. I only learned it by clicking on this thread. Is there a good overview of it (and its consequences)?
BravestOfTheLamps fucked around with this message at 22:07 on Jul 11, 2015 |
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Jul 11, 2015 22:05
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TheBuilder posted:Luckily, she has 4 sisters Tell us about each one 
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Jul 11, 2015 23:27
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BravestOfTheLamps posted:My national media is apparently too occupied with Greece to inform me that there might be some sort of collapse in the world's second-largest economy. I only learned it by clicking on this thread. Is there a good overview of it (and its consequences)? There was a bubble. Stock market went up 117% in less than a year. The bubble started to pop, to the tune of about 30%. The pop stopped when the CCP took most shares off the market and subsidized the others. Now they're implementing policies to try and keep the bubble from ever popping. Consensus is that this will eventually be worse than just letting things play out now.
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Jul 12, 2015 00:16
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BravestOfTheLamps posted:My national media is apparently too occupied with Greece to inform me that there might be some sort of collapse in the world's second-largest economy. I only learned it by clicking on this thread. Is there a good overview of it (and its consequences)? After the greatest drop in the Chinese stock market in 10 years, the CCP shut it down, and the day it re-opened it posted its biggest gain ever. Pro-PRC people are trying to claim its completely fine and legit and absolutely not a symptom of a bubble, but the CCP has banned business and large shareholders from selling any more stock and ordered them to buy up more. Everyone else with the most casual awareness of economics knows this will not work and China's economy is now blatantly propped up artificially. This attempt to stave off the natural result of wild and careless investing is going to slowly get worse and worse until it explodes in the worst economic catastrophe ever seen (maybe).
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Jul 12, 2015 00:22
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pentyne posted:After the greatest drop in the Chinese stock market in 10 years, the CCP shut it down, and the day it re-opened it posted its biggest gain ever. And it will own to watch from across the pacific.
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Jul 12, 2015 00:31
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Fojar38 posted:And it will own to watch from across the pacific. You assume global financial markets are well insulated and properly assessing the risk, while Goldman Sachs is screaming BUY BUY NOW.
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Jul 12, 2015 01:00
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If the government is willing to just dump money into this coal fire maybe buying isn't as dumb as it sounds as long as you get out before it pops for good.
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Jul 12, 2015 01:10
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cheesetriangles posted:If the government is willing to just dump money into this coal fire maybe buying isn't as dumb as it sounds as long as you get out before it pops for good. Right, and by the time most folks will think to get out, the foreign financial institutions who are buying now will be gone.
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Jul 12, 2015 01:12
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Fojar38 posted:And it will own to watch from across the pacific. Yes, because the American economy is smart enough to not get hosed over by a completely avoidable bubble.
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Jul 12, 2015 02:03
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America isn't barely containing political unrest in a lawless authoritarian country with flagging economic growth and the worst environmental pollution literally ever, with a stock market bubble
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Jul 12, 2015 02:05
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icantfindaname posted:America isn't barely containing political unrest in a lawless authoritarian country with flagging economic growth and the worst environmental pollution literally ever, with a stock market bubble Don't forget the housing bubble that a lot of wealth is also tied up into!
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Jul 12, 2015 02:08
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cheesetriangles posted:If the government is willing to just dump money into this coal fire maybe buying isn't as dumb as it sounds as long as you get out before it pops for good. Breaking news: RMB now pegged to Bitcoin.
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Jul 12, 2015 02:34
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pentyne posted:After the greatest drop in the Chinese stock market in 10 years, the CCP shut it down, and the day it re-opened it posted its biggest gain ever. I think they are just aiming for a soft landing rather than a propping up.
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Jul 12, 2015 04:09
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Vladimir Putin posted:I think they are just aiming for a soft landing rather than a propping up. Perhaps, but now with record gains and Goldman Sachs screaming BUY BUY BUY, prices are likely to shoot right back up. I'm willing to bet that every time they remove the props supporting the stock market, prices start to crash as people cash out to avoid the pop. Has there ever been a case of a country popping a bubble this enormous without causing a panic? Edit: Also, who wants to bet that the crash will come weeks after all the big investors have been allowed to de-expose themselves through off-market trading? TheBalor fucked around with this message at 14:45 on Jul 12, 2015 |
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Jul 12, 2015 14:43
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Fojar38 posted:So why should literally anyone invest in the China at this point since we now know that Beijing will kill the market if it looks like it gets too low? It is still classified an emerging market due to government interference, it has always had big warning signs.
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Jul 14, 2015 20:53
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The mainlandization of Hong Kong is now fully underway.That article posted:Members of a pro-police group have accused local broadcaster RTHK of producing TV programmes critical of the government and in favour of last year’s pro-democracy Occupy protests.
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Jul 24, 2015 04:19
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http://www.bbc.co.uk/news/blogs-china-blog-33619331 This one was on my newsfeed today as well. Sorry Hong Kong, looks like the policy is One Country, One System.
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Jul 24, 2015 04:42
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Why do Chinese care so much about hurt feelings? Doesn't Chinese culture realize that men who openly give a poo poo about their feelings shouldn't be viewed as respectable men?
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Jul 24, 2015 06:28
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It's not actually about hurt feelings it's about forcing the other side to either apologize for your 'injury' which puts them in a subordinate position where they admit they were wrong or letting them not apologize which casts them as bullies eternally picking on poor China. Remember this is literally a country which casts the conflict between China and the Philippines/Vietnam as China being bullied around with their territory stolen, just like during the Century of Humiliation.
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Jul 24, 2015 07:21
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Fall Sick and Die posted:It's not actually about hurt feelings it's about forcing the other side to either apologize for your 'injury' which puts them in a subordinate position where they admit they were wrong or letting them not apologize which casts them as bullies eternally picking on poor China. Remember this is literally a country which casts the conflict between China and the Philippines/Vietnam as China being bullied around with their territory stolen, just like during the Century of Humiliation. Why don't Chinese understand that Americans know when you're getting bullied, you did something to deserve it.
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Jul 24, 2015 07:26
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China really is a world champion troll Chinese Soldiers Storm Replica of Taiwan Presidential Office
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Jul 24, 2015 08:29
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Chickenwalker fucked around with this message at 10:45 on Mar 11, 2019 |
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Jul 24, 2015 14:07
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Chickenwalker posted:Maybe we should do a drill where we nuke a cardboard cutout of China. ... Anyways, I found a hilarious quote about the Chinese stock market earlier on Michael Pettis' website: “It is illegal to sell and illegal not to buy, so how can prices not go up?”
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Jul 24, 2015 21:14
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Chickenwalker posted:Maybe we should do a drill where we nuke a cardboard cutout of China. But you don't. That's the difference.
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Jul 24, 2015 21:35
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I cant think of a better thing to get people to vote for the DPP than this. Haven't they learned from what happened the last time they tried to lob missiles over Taiwan to influence an election? If anything this is even more personal...
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Jul 24, 2015 21:40
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Fall Sick and Die posted:I cant think of a better thing to get people to vote for the DPP than this. Haven't they learned from what happened the last time they tried to lob missiles over Taiwan to influence an election? If anything this is even more personal... 
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Jul 24, 2015 21:43
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Snipee posted:... You can't buy if it's illegal to sell. All transactions must have two parties.
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Jul 25, 2015 03:36
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Personally I think it's a clever way to minimise the risk for the majority of their investors and it has a side effect of screwing the guys who made the bubble in the first place.
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Jul 25, 2015 04:53
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Arglebargle III posted:You can't buy if it's illegal to sell. All transactions must have two parties. The government took away the ability to short-sell and then ordered some of the biggest money managers to buy until the prices are back up towards a certain level again.
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Jul 25, 2015 07:08
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sincx fucked around with this message at 05:42 on Mar 23, 2021 |
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Jul 25, 2015 07:09
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sincx posted:The CCP has no idea how democracies work; they can't get it into their heads that their bullying tactics aren't effective outside their own borders. I don't think that's correct, I think it's much more likely a sign of how little political control the government can affect over the military, who presumably don't give a poo poo and are realistic in assuming that the longer Taiwan remains independent, the lower the chances of ever regaining it without violence.
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Jul 25, 2015 07:17
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