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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
China's Stock Market Crashing
Posted by:
Hu Flung Dung
()
Date: July 04, 2015 06:49PM
Now we're gonna find out why a global economy is bad news.
What China is doing is exactly the same thing the US has been doing for 5 years. Artificially propping up a failing market and crumbling economy with fake money.
We're next folks
China's stock market is in trouble. It's down over 20% since mid-June.
But Chinese stock brokers are trying to tell scared investors: Stop selling. Help is on the way.
On Saturday, China's 21 largest brokerage firms said they would spend a whopping 120 billion yuan (about $19.3 billion) to try to stabilize the market, according to Chinese state media. The firms will actually buy stock funds themselves.
The goal is to show regular mom and pop investors that the big players still think buying stocks is a good idea. It's a similar strategy to companies buying back their stock when they think it's undervalued.
What China is doing is exactly the same thing the US has been doing for 5 years. Artificially propping up a failing market and crumbling economy with fake money.
We're next folks
China's stock market is in trouble. It's down over 20% since mid-June.
But Chinese stock brokers are trying to tell scared investors: Stop selling. Help is on the way.
On Saturday, China's 21 largest brokerage firms said they would spend a whopping 120 billion yuan (about $19.3 billion) to try to stabilize the market, according to Chinese state media. The firms will actually buy stock funds themselves.
The goal is to show regular mom and pop investors that the big players still think buying stocks is a good idea. It's a similar strategy to companies buying back their stock when they think it's undervalued.
Re: China's Stock Market Crashing
Posted by:
That would be stupid!
()
Date: July 04, 2015 06:52PM
Who would want a global economy? That would be fucking stupid. As dumb as voting for a Muslim terrorist with a name like Hussein to be president of the USA. NOBODY is that stupid
Re: China's Stock Market Crashing
Posted by:
Bob Brinker
()
Date: July 05, 2015 01:12AM
If hope this is not true. Where did you get this article?
Re: China's Stock Market Crashing
Posted by:
utHyc
()
Date: July 05, 2015 03:00PM
well i guess that will give NY,NY more excuses to...
1) tell USA companies they are closed when actually their finances were straight, and tamper otherwise by refusing upgrades
2) they marked up china imports double in the early 90's. probably quadruple now.
3) keep made in USA products off the shelf
as long as imports are profitable for stock traders they will financially attack use using the stock exchange for their NY,NY apartments with sluts running in and out
1) tell USA companies they are closed when actually their finances were straight, and tamper otherwise by refusing upgrades
2) they marked up china imports double in the early 90's. probably quadruple now.
3) keep made in USA products off the shelf
as long as imports are profitable for stock traders they will financially attack use using the stock exchange for their NY,NY apartments with sluts running in and out