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China’s Stock Market Plunges
Topic Started: 27 Jun 2015, 11:54 AM (19,943 Views)
The Whole Truth
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"Biggest Rally Of 2015" Crashes Into Biggest Reversal Since Lehman"

So US down again. Early trading is certainly no measure in these volatile days.
China just dumped 100 Billion in US treasuries. I wonder who bought that pile of rubbish?

http://www.zerohedge.com/news/2015-08-25/devaluation-stunner-china-has-dumped-100-billion-treasurys-past-two-weeks
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Terry
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The Whole Truth
26 Aug 2015, 11:45 AM
"Biggest Rally Of 2015" Crashes Into Biggest Reversal Since Lehman"

So US down again. Early trading is certainly no measure in these volatile days.
China just dumped 100 Billion in US treasuries. I wonder who bought that pile of rubbish?

http://www.zerohedge.com/news/2015-08-25/devaluation-stunner-china-has-dumped-100-billion-treasurys-past-two-weeks
Hmm....yes, the Chinese have been offloading for some time but not before this potential mother of all mothers. It is shaping up as a potential phantom mother as the real implications to the working economy are yet to be seen. I'm seeing as I live, work, trade in the region but more on that another time.

USD100bn. Exactly the same amount at they have poured into their financial system. Liquidity is under massive pressure in China and the surround region, particularly ASEAN.

China has injected $100bn of liquidity into the country’s financial system and cut interest rates to records lows in a "shock-and-awe" bid to restore confidence, but worries persist that even this may not be enough to avert a crunch as capital flight surges.

http://www.telegraph.co.uk/finance/economics/11823176/China-cuts-rates-to-stem-crisis-but-doubts-grow-on-foreign-reserve-buffer.html
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newjez
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Terry
26 Aug 2015, 12:31 PM
Hmm....yes, the Chinese have been offloading for some time but not before this potential mother of all mothers. It is shaping up as a potential phantom mother as the real implications to the working economy are yet to be seen. I'm seeing as I live, work, trade in the region but more on that another time.

USD100bn. Exactly the same amount at they have poured into their financial system. Liquidity is under massive pressure in China and the surround region, particularly ASEAN.

China has injected $100bn of liquidity into the country’s financial system and cut interest rates to records lows in a "shock-and-awe" bid to restore confidence, but worries persist that even this may not be enough to avert a crunch as capital flight surges.

http://www.telegraph.co.uk/finance/economics/11823176/China-cuts-rates-to-stem-crisis-but-doubts-grow-on-foreign-reserve-buffer.html
If they just do it again it'll just look like they are panicking.

US hands are tied.

Do we have a floor here? Or are we potentially looking at some life changing drops here?

I have a lot of cash waiting on the sidelines. I'll get me pom poms.
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Black Panther
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This was manufactured.

Short term loss, but no earth shaking crash.

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newjez
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Black Panther
26 Aug 2015, 12:41 PM
This was manufactured.

Short term loss, but no earth shaking crash.

Scared much?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Gossamer
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More butt hurt for Chinese stocks today.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

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Nelson
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Andrew Judd
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Gossamer
26 Aug 2015, 02:04 PM
More butt hurt for Chinese stocks today.
300bp cut in RRR for some banks (car leasing?) and for other banks amazingly at 18%, RRR is still three times what it was before they began tightening long before the GFC arrived

Presumably providing they think it does not cause wild speculation elsewhere there is still plenty of room left to support the economy?
Edited by Andrew Judd, 26 Aug 2015, 04:50 PM.
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Gossamer
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Now up 3% in the afternoon. Amazing what creating cheap money does.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

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Nelson
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Andrew Judd
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Gossamer
26 Aug 2015, 04:53 PM
Now up 3% in the afternoon. Amazing what creating cheap money does.
In China it still seems to be the case that money is not cheap and they still have a very long way to go before they get anything like the West
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hoofarted
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Gossamer
26 Aug 2015, 04:53 PM
Now up 3% in the afternoon. Amazing what creating cheap money does.
Yeah... so much for that.
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