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I would blow Dane Cook
Dec 26, 2008
Isn't a China Bear a Panda?

Also haha the old Empty chinese warehouse trick strikes again.

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CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

ocrumsprug posted:

They would need trillions, and all that wouldn't make those stocks worth their 6000 P/E ratios again.

At the end of this all, will this dive continue? This is downright creepy.

I would blow Dane Cook
Dec 26, 2008
Confucius Say: A Chinese warehouse can either be empty or full of explosives.

cheesetriangles
Jan 5, 2011





Is China too big to govern?

Electro-Boogie Jack
Nov 22, 2006
bagger mcguirk sent me.

cheesetriangles posted:

Is China too big to govern?

By these shitheads? Probably.

GoutPatrol
Oct 17, 2009

*Stupid Babby*

CommieGIR posted:

So China is dumping $95 billion worth of pension funds into the market?

How much good will this actually do?

Like peeing into the ocean.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

CommieGIR posted:

At the end of this all, will this dive continue? This is downright creepy.

Yeah, pretty much. The circuit breakers will continue to blow daily, but really that just drags out the pain. (Which is also awesome if you like schadenfreude.)

Freezer
Apr 20, 2001

The Earth is the cradle of the mind, but one cannot stay in the cradle forever.

ocrumsprug posted:

Yeah, pretty much. The circuit breakers will continue to blow daily, but really that just drags out the pain. (Which is also awesome if you like schadenfreude.)

It will be a short lived schadenfreude. Western companies are dependent on sales and investments in China to a considerable degree, and this could trigger a shitshow everywhere. It might be amusing to see wanton greed and hubris be punished, but do not think this won't affect a bunch of us when/if it explodes, 2008-style.

Ceciltron
Jan 11, 2007

Text BEEP to 43527 for the dancing robot!
Pillbug

GoutPatrol posted:

Like peeing into the ocean.

In this case, it's a waste of perfectly good pee.

icantfindaname
Jul 1, 2008


computer parts posted:

Yeah they did, they just called that country "Europe".

That's why I said 'beyond the initial stages' The US economy was larger than any European economy by the post Civil War era and at that point demand was mostly internal. The US economy was never nearly as geared towards exports as China is or Japan was in its day

I would blow Dane Cook
Dec 26, 2008

quote:


Chinese graduate in my office just came in to ask if he could leave early to go and support his friend due to the SSE crash. Basically suicide watch. He sprinted out the door.


http://www.macrobusiness.com.au/2015/08/shanghai-opens-crashes-to-new-low/#comment-1879474

1 and a half hour lunch break now. Time for the government to turn on the money hose.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Freezer posted:

It will be a short lived schadenfreude. Western companies are dependent on sales and investments in China to a considerable degree, and this could trigger a shitshow everywhere. It might be amusing to see wanton greed and hubris be punished, but do not think this won't affect a bunch of us when/if it explodes, 2008-style.

If you cannot also enjoy homegrown, I don't know what to tell you.

namaste friends
Sep 18, 2004

by Smythe
Hey guys, google news the term 'emerging markets'.

namaste friends
Sep 18, 2004

by Smythe
Have any of you read the Chung-kuo series by David Wingrove?

computer parts
Nov 18, 2010

PLEASE CLAP

icantfindaname posted:

That's why I said 'beyond the initial stages' The US economy was larger than any European economy by the post Civil War era

That's why I didn't specify a specific European economy.

I would blow Dane Cook
Dec 26, 2008

Cultural Imperial posted:

Hey guys, google news the term 'boston pokemon firearms'.

BCR
Jan 23, 2011

MAH POKEMONS!



MAH EMERGING MARKETS

Ardennes
May 12, 2002

icantfindaname posted:

That's why I said 'beyond the initial stages' The US economy was larger than any European economy by the post Civil War era and at that point demand was mostly internal. The US economy was never nearly as geared towards exports as China is or Japan was in its day

It didn't have to, it had arable land to throw its surplus population (who in turn would eventually consume finished goods) and vast amounts of natural resources in its own borders to plunder. If anything at this point China's natural resources are dwindling which raises the question of what would actually fuel a new boom to fill the previous one.

Fall Sick and Die
Nov 22, 2003

Cultural Imperial posted:

Have any of you read the Chung-kuo series by David Wingrove?

I read the recent ones he put out, the prequel I guess, then he rewrote the introductory ones? But I seem to remember there were like 11 of them?

icantfindaname
Jul 1, 2008


computer parts posted:

That's why I didn't specify a specific European economy.

You're going to have to come up with some kind of evidence beyond a giant reified :smug: if you're saying the US was ever as dependent on exports as China is? Here's a random website with historical data for American exports as a percentage of GDP

http://www.econdataus.com/tradeall.html



So it peaks in 1920 at 10% probably related to WW1, and between 1860 and 1960 doesn't stray much above 5%. Meanwhile the World Bank says China is at 25% currently and peaked at 35% before 2008

http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS

icantfindaname fucked around with this message at 05:19 on Aug 24, 2015

StandardVC10
Feb 6, 2007

This avatar now 50% more dark mode compliant

BCR posted:

MAH EMERGING MARKETS



I feel like I need to buy a van just to spray this onto the side of it.

Franks Happy Place
Mar 15, 2011

It is by weed alone I set my mind in motion. It is by the dank of Sapho that thoughts acquire speed, the lips acquire stains, stains become a warning. It is by weed alone I set my mind in motion.

paragon1 posted:

The Great Market Correction

The Great Leap Downward.

Freezer
Apr 20, 2001

The Earth is the cradle of the mind, but one cannot stay in the cradle forever.
Does anyone know what happened to all those suspended stocks from a couple of weeks ago? Did they ever get unfrozen?

computer parts
Nov 18, 2010

PLEASE CLAP

icantfindaname posted:

You're going to have to come up with some kind of evidence beyond a giant reified :smug: if you're saying the US was ever as dependent on exports as China is? Here's a random website with historical data for American exports as a percentage of GDP

http://www.econdataus.com/tradeall.html



So it peaks in 1920 at 10% probably related to WW1, and between 1860 and 1960 doesn't stray much above 5%. Meanwhile the World Bank says China is at 25% currently and peaked at 35% before 2008

http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS

Net exports have been negative for the past 5 years, per your link.

Fojar38
Sep 2, 2011


Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia


also here's a stupid take
---------------------------->
I feel the need to repost this:

Constant Hamprince
Oct 24, 2010

by exmarx
College Slice
The Chinese century is so poorly manufactured it breaks down after only 15 years.

corn in the bible
Jun 5, 2004

Oh no oh god it's all true!
Are we going to see bankers jumping off buildings? Because I could use cheering up.

ass struggle
Dec 25, 2012

by Athanatos

corn in the bible posted:

Are we going to see bankers jumping off buildings? Because I could use cheering up.
close enough, i'll try to find more faces of despair


ass struggle fucked around with this message at 05:53 on Aug 24, 2015

I would blow Dane Cook
Dec 26, 2008
Strap in, boys and girls, cause lunch break is over. Down 8.75%

Deki
May 12, 2008

It's Hammer Time!
Realistically is there even much of a chance we go below 9.5%?

BCR
Jan 23, 2011

Today, who knows. But this is a massively inflated bubble that got pumped up over 6-8 months.

We're about here





found it.

Hal_2005
Feb 23, 2007

sparatuvs posted:

close enough, i'll try to find more faces of despair




Last post for the night:

Can someone who has a working Peoples Daily Subscription get me a photo of that trading company CEO who the day traders mobbed ? Something about little old grannies dragging a still drunk Chinaman into the streets outside a 5-star hotel is a great summary of #China.

Mercury_Storm
Jun 12, 2003

*chomp chomp chomp*

BCR posted:



found it.

Me too :q:

Mercury_Storm fucked around with this message at 06:28 on Aug 24, 2015

BCR
Jan 23, 2011

:allears: Just need to lose another 1200 points to get back to normal. :allears:

Pyrolocutus
Feb 5, 2005
Shape of Flame



Fojar38 posted:

I feel the need to repost this:



China is the largest arsenic, cadmium, and mercury producer, I see. I do have to wonder how much of that is exported versus going into the air, soil, and groundwater.

Ardennes
May 12, 2002
Everyone needs at little mass "fear" now and again, it is all apart of the market stages of grief.

I would blow Dane Cook
Dec 26, 2008
I get the feeling it can't fall much more because of the stocks that have hit limit down.

Suprise me China :getin:

BCR
Jan 23, 2011



I think the money shovellers have arrived. Back up to -8%

Xerxes17
Feb 17, 2011

Constant Hamprince posted:

The Chinese century is so poorly manufactured it breaks down after only 15 years.

:captainpop:

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corn in the bible
Jun 5, 2004

Oh no oh god it's all true!
it was originaly an american decade but the bootlegger added a zero

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