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fart blood posted:So America's gonna be just fine, right?! Basically. It'll have some effect, but not a heavy one.
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Aug 25, 2015 14:28
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CommieGIR posted:Basically. It'll have some effect, but not a heavy one. Marketplace is actually pretty decent on this one. http://www.marketplace.org/popoutplayer/85 We send about 1-2% of our output to China. The Chinese slowdown isn't directly making the majority of our economy lose steam or anything. It's hurting Airplane manufacturers, Heavy equipment makers (Caterpillar), and other mechanical capital producers that have grown plump supplying the booming Chinese economy over the last decades. Now it's time to see if they've saved their pennies and nickles to weather this drop in demand. It's also going to lead to corrections for those companies stock values as we adjust to revised Chinese economic growth (supplied from outside the CCP). Hopefully growth in India and Europe will prop up some of the US companies that are more reliant on development heavy markets. Additionally, commodities are hurting like a bee-yotch over the last year. Corn, Soybeans, Oil, Metals, etc. are cumulatively down by ~30% from last year. The Midwestern farmers and oil barons who enjoyed steady economic growth during the financial crisis are going to feel this much more than a 'typical american worker' (whatever that actually means). If I knew the code for the farmer smilie, I'd put it in here with a 'money pit' smilie next to it. Tech stocks are also hammered by the decline. Most people agree that the animal spirits that have been guiding the markets with Tech Co. valuations have probably overstated their profit potentials -- Getting into China/India and other mass market developing companies was expected to be the future bread and butter for these companies to grow in the long run. WIth this much uncertainty about the economic future of China these tech companies aren't viewed as having as robust of a market to get into. TL:DR - USA USA USA USA  Mei Banfa.
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Aug 25, 2015 16:07
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Fishvilla posted:Marketplace is actually pretty decent on this one. We'll be fine, but who are we going to sell the durable goods to during a Chinese civil war?
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Aug 25, 2015 16:59
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A Bad King posted:We'll be fine, but who are we going to sell the durable goods to during a Chinese civil war? We're Americans --- We'll be selling them to both sides.
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Aug 25, 2015 17:04
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Fishvilla posted:We're Americans --- We'll be selling them to both sides. My country, 'tis of thee, Sweet land of liberty, Of thee I sing; Land where my fathers died, Land of the pilgrims' pride, From ev'ry mountainside Let freedom ring! Our fathers' God to Thee, Author of liberty, To Thee we sing. Long may our land be bright, With freedom's holy light, Protect us by Thy might, Great God our King
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Aug 25, 2015 17:26
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Does anyone know if they've lifted the ban on some of the stocks they suspended from trading last month? - I was under the impression that a portion of the market is suspended from trade, do these companies just come back to a ravaged and limp market?
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Aug 25, 2015 18:24
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Junkyard Poodle posted:My country, 'tis of thee,
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Aug 25, 2015 18:27
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A Bad King posted:We'll be fine, but who are we going to sell the durable goods to during a Chinese civil war? I know it's not actually going to happen, but for real a broken up China divided along racial and cultural lines would be a net good for the Chinese and the world.
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Aug 25, 2015 18:42
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Mange Mite posted:I know it's not actually going to happen, but for real a broken up China divided along racial and cultural lines would be a net good for the Chinese and the world. Uhhh what the hell... I mean the Tibetans and Uighurs should get independence if they want to but total Balkanization would be a disaster.
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Aug 25, 2015 18:55
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Ethnic Cleansing with Chinese Characteristics would be incredibly, incredibly bad. Like, it would redefine global politics and economics.
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Aug 25, 2015 18:57
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Bought some apple stock this morning 
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Aug 25, 2015 19:05
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Morrow posted:Ethnic Cleansing with Chinese Characteristics would be incredibly, incredibly bad. Like, it would redefine global politics and economics. That's bad?
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Aug 25, 2015 19:06
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Mange Mite posted:That's bad? They have NUKES. It's bad.
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Aug 25, 2015 19:23
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Morrow posted:Ethnic Cleansing with Chinese Characteristics would be incredibly, incredibly bad. Like, it would redefine global politics and economics.
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Aug 25, 2015 19:26
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A lot more likely than a Grouchio incited Tom Clancy-esque derail not being horrible.
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Aug 25, 2015 19:41
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So the Dow completely lost its rally today. If the Shanghai Composite has another -7 % or so tomorrow are we likely to see a continued rally of European markets? Or has the interest rate change likely already lost its correcting power?
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Aug 25, 2015 20:51
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Ethnic Cleansing With Chinese Characteristics is a great name for a band or bar-trivia team.
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Aug 25, 2015 21:12
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Mange Mite posted:I know it's not actually going to happen, but for real a broken up China divided along racial and cultural lines would be a net good for the Chinese and the world. Sure, if every other country in the world followed suit. The US and Europe can volunteer to go first. No? Well I didn't think so.
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Aug 25, 2015 21:16
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Mange Mite posted:I know it's not actually going to happen, but for real a broken up China divided along racial and cultural lines would be a net good for the Chinese and the world. So 85% China as it stands now, and then Tibet as well?
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Aug 25, 2015 21:31
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MothraAttack posted:So the Dow completely lost its rally today. If the Shanghai Composite has another -7 % or so tomorrow are we likely to see a continued rally of European markets? Or has the interest rate change likely already lost its correcting power? The Chinese market is guaranteed to see 2000 in the near future, but now that the rest of the world knows this it's not likely to impact the bulk of non-Asian stocks for a while. Exceptions: Australia (completely hosed) and businesses with heavy exposure to China / some tech stocks.
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Aug 25, 2015 21:34
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Maybe our Aussie cousins shouldn't have tied their cart to the insane dystopian nightmare horse that is China??
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Aug 25, 2015 21:40
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Welp, DJIA took a little profit taking.
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Aug 25, 2015 21:42
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It is all our fault.quote:(Reuters) - A researcher at China's central bank said expectations that the U.S. Federal Reserve would raise interest rates next month was to blame for the recent global market volatility, the official Xinhua news agency reported on Tuesday.
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Aug 25, 2015 21:42
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China is the Fox News of nation-states, christ.
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Aug 25, 2015 21:43
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this is amazing, holy poo poo. I wonder how at-gunpoint Yao Yudong was when providing this nugget.
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Aug 25, 2015 21:43
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How are u posted:Maybe our Aussie cousins shouldn't have tied their cart to the insane dystopian nightmare horse that is China?? No, I think you try to make money while you can. If anything is blame them for not preparing adequately for disconnecting their cart when the time came.
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Aug 25, 2015 21:48
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IKillForPie posted:Does anyone know if they've lifted the ban on some of the stocks they suspended from trading last month? - I was under the impression that a portion of the market is suspended from trade, do these companies just come back to a ravaged and limp market? Those stocks were supposed to be suspended for a long time, like 6 months or more, so the market chugging along down the road to hell even without them.
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Aug 25, 2015 21:49
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tbf I've heard equally crazy explainations for the 2008 crisis from western governments, so it's not like China is the only one who does this
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Aug 25, 2015 21:52
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computer parts posted:So 85% China as it stands now, and then Tibet as well? Once you tack on East Turkestan and whatever parts of Southern Mongolia that still have Mongols living in it, you end up with a pretty huge chunk of the country... Especially keeping in mind that the TAR ≠ Tibet.
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Aug 25, 2015 22:05
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Electro-Boogie Jack posted:Once you tack on East Turkestan and whatever parts of Southern Mongolia that still have Mongols living in it, you end up with a pretty huge chunk of the country... Especially keeping in mind that the TAR ≠ Tibet. Inner Mongolia is 80% Han. It's not at all like Tibet. It's like saying you should give back the parts of Russia that aren't full of Russians back to the Mongolians. computer parts fucked around with this message at 22:11 on Aug 25, 2015 |
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Aug 25, 2015 22:06
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Morrow posted:Ethnic Cleansing with Chinese Characteristics would be incredibly, incredibly bad. Like, it would redefine global politics and economics. It's funny because Ethnic Cleansing with Chinese characteristics is what's happening right now as the status quo, just only if you're a Uighyr or a Tibetan or a Yunnan person or a Zhuang
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Aug 25, 2015 22:08
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Grouchio posted:I swear I left my Atheist's Battle Hymn of the Republic somewhere... I got you bro, My country, 'tis of thee, Sweet land of liberty, Of thee I sing; Land where my fathers died, Land of the pilgrims' pride, From ev'ry mountainside Let freedom ring! Our fathers' Money to Thee, Author of liberty, To Thee we sing. Long may our land be bright, With freedom's spending might, Protect us from capital flight, Great Cash our King
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Aug 25, 2015 22:09
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Gum posted:tbf I've heard equally crazy explainations for the 2008 crisis from western governments, so it's not like China is the only one who does this no im p sure the inscrutable orientals from rivalstate are just bad and so goddamn crazystupid
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Aug 25, 2015 22:11
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Toplowtech posted:Hey guys, remember the 80s when Japan was going to take over the world and become an all powerful economic superpower ? No? Well, if you want a good laugh at someone hyping a bubble economy that isn't China, you can buy a used copy of "Japan as Number One" by Ezra F. Vogel for around 0.01$ on Amazon those days... Vogel's book is from 1979 so that comparison isn't quite as apt as I'd have liked to have seen on this forum. The best would be George Friedman & Meredith Lebard's The Coming War with Japan written in 1991 about how Japan is going to curb stomp American economic interests. For those that don't recognize that name the guy runs Stratfor, which a fuckton of both governments and major companies give shitloads of money to in order for them to do "intelligence." Given my own work in a field they're supposed to be experts in (Mexico & Central America) the amount of times they're hilariously wrong is so amazing that I honestly think they'd be better off flipping a coin. But that Japan book? It's so horribly wrong that George Friedman wiped it from his Wikipedia bibliography and if you try to re-add it then it gets removed again. That's the kind of guy that runs a major "intelligence company" that people pay huge sums of money to in order to be better informed.
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Aug 25, 2015 22:23
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Raenir Salazar posted:Sure, if every other country in the world followed suit. The US and Europe can volunteer to go first. Europe is already broken up, that continent has never managed to maintain a successful unified administration over +50% of the land for more than half a century, at least not since the Roman Empire. Not that a dysfunctional multi state entity as the EU is in any way preferable to a single unified state in any way except tickling nationalist sentiments.
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Aug 25, 2015 22:23
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computer parts posted:Inner Mongolia is 80% Han. It's not at all like Tibet. That's why I said the parts that still contain Mongols- much of that 80% Chinese majority is concentrated in a number of large cities, which obviously wouldn't get retroceded to Mongolia, but there are still a few nomadic areas with Mongol populations. Likewise, it probably wouldn't make sense to put Xining in an independent Tibet, but once you get outside the city things get pretty Tibetan-y again pretty quickly. Edit: and if the parts of Russia that are filled with ethnic or cultural Mongols wanted to return to Mongolia, I don't see a problem there either.
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Aug 25, 2015 22:25
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Zudgemud posted:Europe is already broken up, that continent has never managed to maintain a successful unified administration over +50% of the land for more than half a century, at least not since the Roman Empire. The people in Normandy and Langudoc would disagree. Europe is full of peoples that have been partially culturally assimilated like the Cantonese.
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Aug 25, 2015 22:28
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Electro-Boogie Jack posted:That's why I said the parts that still contain Mongols- much of that 80% Chinese majority is concentrated in a number of large cities, which obviously wouldn't get retroceded to Mongolia, but there are still a few nomadic areas with Mongol populations. Likewise, it probably wouldn't make sense to put Xining in an independent Tibet, but once you get outside the city things get pretty Tibetan-y again pretty quickly. Most of the Mongols live in the cities. quote:Edit: and if the parts of Russia that are filled with ethnic or cultural Mongols wanted to return to Mongolia, I don't see a problem there either. They're not, they're even more heavily Russian.
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Aug 25, 2015 22:29
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computer parts posted:Most of the Mongols live in the cities. That's nice? I'm talking about areas with majority Mongols, which we both seem to agree is not the cities? It's a number of banners IIRC.
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Aug 25, 2015 22:32
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Gum posted:tbf I've heard equally crazy explainations for the 2008 crisis from western governments, so it's not like China is the only one who does this Oh of course, and there were some pretty loud denials that anything was wrong at the beginning of the mortgage implosion. That doesn't make the statement any less hilarious.
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Aug 25, 2015 22:36
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