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China's economic slowdown and unprecedented devaluation of Yuan
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China's economic slowdown and unprecedented devaluation of Yuan

  #41 (permalink)
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  #42 (permalink)
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I wonder how a war between north and south korea would play out on our economy, or even china's. I know the us would have to intervene due to allies with the south. It kinda sucks that china would probably have no part to do with it even though they're neighbors.

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  #43 (permalink)
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A huge problem China has now is after banning >5% shareholders from selling is you have probably scared off any large players who would be looking for value here. I have never been a big fan of the government but I would never even consider China again after that move.

That was such an incredibly shortsighted communist move.

I think it is in Soros on Soros that George says "communism will end in china with a good old capitalist crash".

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  #44 (permalink)
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  #45 (permalink)
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Down 8%!!

So sick. I really wanted to counter trend trade tomorrow but can't step in front of that, damn. Although if we open down something crazy it might be a good trade.

I guess on the other hand though you can't forget that a year ago the SSE was at 2240 while after absolute carnage and getting crushed 8.5% right now it is at 3211. Going back to 2014 levels + a gain is hardly the end of the world.

It is bothersome though how wildly inefficient their markets are.


Last edited by animalSpiritArb1; August 24th, 2015 at 12:28 AM.
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  #46 (permalink)
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SPI futures off 205 points or 3.97%

This is an epic, epic fall. Haven't seen a move like this for a long time

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China's come off > 8% intraday before but the AU market has never followed suit this heavily, maybe 1.5-2% but not this.

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  #47 (permalink)
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CNYUSD around 6.4044 now - up from 6.25, i.e. a devaluation of roughly 2.5%.
Unprecedented?

EURUSD just 1.15 - up from 1.1 last week - USD devalued more than 4.5% vs. the Euro (US notation: ~.91 down to ~.87).
Unprecedented? Certainly not.

The relations only show that if 2.5% in a minor pair already cause such excitement,
which distortions we are heading to with the majors going wild.


Last edited by choke35; August 24th, 2015 at 08:14 AM.
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http://finance.yahoo.com/news/reason-believe-unthinkable-happening-chinas-175049017.html

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Very interesting if this turns out to be true. I wonder if it means that a power struggle is in the cards -- and if so, how much disruption it will add to the mix. (Also, who will win out, and what would a big change do?)

Interesting times.

Bob.

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bobwest View Post
Very interesting if this turns out to be true. I wonder if it means that a power struggle is in the cards -- and if so, how much disruption it will add to the mix. (Also, who will win out, and what would a big change do?)

Interesting times.

Bob.

It reminded me of a Tom Clancy book.

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