• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Chinese Economy/Stock Market In Freefall

Mike

Well-known member
http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html
 

Traveler

Well-known member
From April 15

Stock market fever is sweeping China.
Chinese equities are officially on fire. The Shanghai Composite has skyrocketed 78% since just before Halloween. It recently crested the 4,000 level for the first time since the financial crisis.

Yet stocks in China have achieved red-hot status just as the country's economy is going through a cooling off period. Growth slowed to the weakest pace since 2009.
In other words, exuberance for Chinese stocks isn't being backed up by fundamentals. Instead, the market is being carried higher by various forms of government stimulus and investor frenzy.
 

Brad S

Well-known member
They learnt it from the best. I understand the Chinese are pushing everyone into the market to support it, and easing margin purchases.

If the U.S. stock market was anything like legit (silly hypothetical), the coming Chinese implosion wouldn't be so dangerous. Hard to say which house of cards will collapse first, and it's scary to postulate how far things will go. I'm guessing Americans that have assets like iras and 401ks and land and anything that can't be moved offshore will suffer the worst.
 

Steve

Well-known member
I think if we all took a break from buying Chinese crap for a few months they would be in worse shape then the middle east,

China has a massive labor force and it can not keep them working,.. so they have to "make" more work just to keep the population appeased..



(warning sarcasm) I am not sure why they don't just start a US style of welfare,.. it should be easy to do in a communist dictatorship.
 

Latest posts

Top