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Shifty Pony
Dec 28, 2004

Up ta somethin'


MothraAttack posted:

A bit of PYF "rise of the Chinese dragon" "BRICS domination" or whatever.

http://www.zerohedge.com/news/2015-05-21/october-world-will-change-china-preparing-something-big


that asset is gold

it is zerohedge. Someone could make a magical gold transmuter tomorrow and they would still say you should buy gold.

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Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer

hallebarrysoetoro posted:

Next to no real impact, but Canada will take a beating and can cause some actual impact to the US economy.

The worst part is this pushes oil prices down even further and makes places like Venezuela and Saudi Arabia more unstable.

But otherwise, not much impact. Asia poo poo the bed in the late 90's and the U.S. economy didn't even blink.

Kill All Cops
Apr 11, 2007


Pacheco de Chocobo



Hell Gem

Tei posted:

In software we have the term "technical debt" when you do something incorrectly, maybe you rush it, and then you will pay the debt you created along a long time, in mantenance, in poor service, with it breaking too often. I think the reason china is a dubious economy is that they have something similar, but I want to call it "ethic debt". Theres more cost for corruption than inefficiencies, your smart people get tired of tryiing to make your country a better place and move to something else or maybe somewhere else. Imho

Over here the culture is instead of joining a company for a long period, you switch companies every 1-2 years so you don't have the deal with the consequences of technical debt.

cheesetriangles
Jan 5, 2011





Why do Chinese billionaires keep going missing?

blueyedevil
Apr 17, 2014
Interesting that the second the CCP gets out of their own way, the markets stabilize and a modicum of confidence is restored. This is like watching a kid play his first videogame run through with the manual in hand, going "oh poo poo, I didn't know you could do that-- lemme try it".

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
---------------------------->

blueyedevil posted:

Interesting that the second the CCP gets out of their own way, the markets stabilize and a modicum of confidence is restored. This is like watching a kid play his first videogame run through with the manual in hand, going "oh poo poo, I didn't know you could do that-- lemme try it".

The CCP didn't get out of the way, they started buying up shares again in order to save face.

Mr. Nice!
Oct 13, 2005

c-spam cannot afford



cheesetriangles posted:

Why do Chinese billionaires keep going missing?

They either escape the country via laundered money and are in hiding abroad or have been taken by the government most likely.

Why? no why

Freezer
Apr 20, 2001

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

Fojar38 posted:

The CCP didn't get out of the way, they started buying up shares again in order to save face.

This, I read that governement controlled funds went on a share buying frenzy today and thats what boosted the index. The CCP just reverted to their only effective strategy so far: throwing obscene amounts of money at the problem.

McGavin
Sep 18, 2012

Freezer posted:

This, I read that governement controlled funds went on a share buying frenzy today and thats what boosted the index. The CCP just reverted to their only effective strategy so far: throwing obscene amounts of money at the problem.

Around $500 billion last year. $108 billion in December alone.

McGavin fucked around with this message at 18:59 on Jan 8, 2016

namaste friends
Sep 18, 2004

by Smythe


wassup guys

:coal:

https://next.ft.com/content/3c8cf769-9f8f-32d8-a753-03037e61227b

BCR
Jan 23, 2011

cheesetriangles
Jan 5, 2011





Aren't you still forbidden from selling x amount of stocks or something?

Rahu
Feb 14, 2009


let me just check my figures real quick here
Grimey Drawer
I think the rule is that entities that own >1% of outstanding shares for a company are not allowed to sell any but I can't find a source for that.

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

cheesetriangles posted:

Aren't you still forbidden from selling x amount of stocks or something?

Wasn't that the Circuit Breaker rule they just lifted?

cheesetriangles
Jan 5, 2011





Rahu posted:

I think the rule is that entities that own >1% of outstanding shares for a company are not allowed to sell any but I can't find a source for that.

This is the one I was thinking of.

Murgos
Oct 21, 2010
Probation
Can't post for 4 hours!

CommieGIR posted:

Wasn't that the Circuit Breaker rule they just lifted?

They extended the part that says no major owners or officers can sell.

e: God, what a great solution to the CEO pay problem in the US. Sure, you can boost stock prices all you want and give yourself huge bonuses denominated in shares but, hehe, you can't sell them.

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

Murgos posted:

e: God, what a great solution to the CEO pay problem in the US. Sure, you can boost stock prices all you want and give yourself huge bonuses denominated in shares but, hehe, you can't sell them.

Nah, they'd just use their golden parachutes and flee like HP's ceo did.

Sheng-Ji Yang
Mar 5, 2014




mm that dead cat bounce

Freezer
Apr 20, 2001

The Earth is the cradle of the mind, but one cannot stay in the cradle forever.
Dipped below 3000 now, and falling. Must burn some pension money stat.

Horseshoe theory
Mar 7, 2005

Freezer posted:

Dipped below 3000 now, and falling. Must burn some pension money stat.

Ban all trading - if you can't trade, it can't go down! :downs:

MothraAttack
Apr 28, 2008

Freezer posted:

Dipped below 3000 now, and falling. Must burn some pension money stat.

It keeps bobbing back up but the overall trend is downward. Will be interesting to see if we get a fall below the previous circuit breaker thresholds.

Shinjobi
Jul 10, 2008


Gravy Boat 2k
How long until china dies? They're kinda tenacious, all things considered.

BCR
Jan 23, 2011

Freezer posted:

Dipped below 3000 now, and falling. Must burn some pension money stat.

BCR
Jan 23, 2011

Shinjobi posted:

How long until china dies? They're kinda tenacious, all things considered.

China won't die. CCP rule will at some point if they can't do a 'good' economy.

Grouchio
Aug 31, 2014

BCR posted:

China won't die. CCP rule will at some point if they can't do a 'good' economy.
Looks like we might be able to see that then.

cheesetriangles
Jan 5, 2011





I don't think I want see what happens when CCP is pushed to the brink.

OXBALLS DOT COM
Sep 11, 2005

by FactsAreUseless
Young Orc

CommieGIR posted:

Nah, they'd just use their golden parachutes and flee like HP's ceo did.

Can't flee if you get disappeared to a private prison for a while.

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

Mange Mite posted:

Can't flee if you get disappeared to a private prison for a while.

He was talking about the US ;)

Freezer
Apr 20, 2001

The Earth is the cradle of the mind, but one cannot stay in the cradle forever.
Suspiciously flat these past two days...

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
---------------------------->

Freezer posted:

Suspiciously flat these past two days...

Must be bottoming out, buy buy buy!

Murgos
Oct 21, 2010
Probation
Can't post for 4 hours!

Freezer posted:

Suspiciously flat these past two days...

I think closing below 3000 is a pretty big deal. The last time that happened in August is when the Chinese government took the gloves off on propping up their market.

Goffer
Apr 4, 2007
"..."
Not a great start to the day for anyone, started at 2% down and now falling.

BCR
Jan 23, 2011

At -2.42 now.

I'm wondering if they're going to save the cash mountain for friday, end the week with a feel good back to 3000 or something.

Freezer
Apr 20, 2001

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

BCR posted:

At -2.42 now.

I'm wondering if they're going to save the cash mountain for friday, end the week with a feel good back to 3000 or something.

You got the strategy right but the day wrong.

Murgos
Oct 21, 2010
Probation
Can't post for 4 hours!
From Bloomberg:

quote:

State funds may have entered to buy stocks after the Shanghai index fell below the lowest levels reached in last year’s rout, according to Galaxy Securities Co.

I am Jack's complete lack of surprise.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN
What is the end goal once the government corners the market on all the stocks?

1) Do they just sit on them leading to a dead market?
or
2) Do they trade them back and forth with themselves raising the prices until they can sell them at a profit (with Chinese characteristics) when confidence is restored?

Archimago
Jun 18, 2014

I just want to nom on Merrill
In GOP debate last night the issue of China imposing tariffs on goods imported from USA was brought up several times and used by some as a justification for imposing a tariff on Chinese goods.

Various figures were thrown about, I think I remember hearing 35% but I'm not sure. It wouldn't surprise me if they did, but I'm curious what the actual numbers are and I haven't had the best of luck finding useful data.

I'm fairly sure it's not just a flat tariff on all goods, at any rate. Any insight / resources goons can provide is appreciated.

lollontee
Nov 4, 2014
Probation
Can't post for 10 years!
How much of the Chinese economy is goverment owned again? Also, I thought foreign investment in the Chinese Stock Market was basically zero and mostly dominated by the middle classes. So they get shafted, so what? Most of the economy is still under direct government control and not subject to market forces. So long as the Chinese cash reserves hold and they keep pumping that into the economy, is there really anything catastrophic that could actually happen here?

fishmech
Jul 16, 2006

by VideoGames
Salad Prong

ocrumsprug posted:

What is the end goal once the government corners the market on all the stocks?

1) Do they just sit on them leading to a dead market?
or
2) Do they trade them back and forth with themselves raising the prices until they can sell them at a profit (with Chinese characteristics) when confidence is restored?

3) Just hold onto them until a new wave of foreign suckers believe buying Chinese stocks are viable

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ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

fishmech posted:

3) Just hold onto them until a new wave of foreign suckers believe buying Chinese stocks are viable

The Shanghai-A is Chinese only no?

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