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China's Shanghai crash of 2015
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China's Shanghai crash of 2015

  #31 (permalink)
Market Wizard
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DionysusToast View Post
All governments want to prop up the markets.

It's populism

It's a high-concept Hollywood scenario.

China itself is Deadwood on a vast scale. Mr. Wu is in charge. The economy operates like that bus in Speed, if it gets below 50 mph it blows up. So they desperately have to keep it going by any means possible. The bus has two engines like the war rig in Mad Max, #1 real estate and # 2 stocks. #1 engine is blown, and now everything depends on engine #2. You've got hopped-up guys clinging to the hood of the vehicle vying to blow mouthfuls of gasoline right down into the supercharger through the intake. Sometimes the thing belches backdrafts of flame right into their faces.

Oh, and also, short sellers get fed to Mr. Wu's pigs.

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  #32 (permalink)
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suko View Post
It's a high-concept Hollywood scenario.

China itself is Deadwood on a vast scale. Mr. Wu is in charge. The economy operates like that bus in Speed, if it gets below 50 mph it blows up. So they desperately have to keep it going by any means possible. The bus has two engines like the war rig in Mad Max, #1 real estate and # 2 stocks. #1 engine is blown, and now everything depends on engine #2. You've got hopped-up guys clinging to the hood of the vehicle vying to blow mouthfuls of gasoline right down into the supercharger through the intake. Sometimes the thing belches backdrafts of flame right into their faces.

Oh, and also, short sellers get fed to Mr. Wu's pigs.

You've got exceptional imagination

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  #33 (permalink)
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I really thought that China was better at playing the long game than this. I figured them for being on their way to becoming the new reserve currency in a generation or two, and instead they are shortsighted enough to make this huge mistake?

Amateur hour. This is just based on my understanding of their actions so far, which isn't a lot to be fair.

Mike

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  #34 (permalink)
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suko View Post
It's a high-concept Hollywood scenario.

China itself is Deadwood on a vast scale. Mr. Wu is in charge. The economy operates like that bus in Speed, if it gets below 50 mph it blows up. So they desperately have to keep it going by any means possible. The bus has two engines like the war rig in Mad Max, #1 real estate and # 2 stocks. #1 engine is blown, and now everything depends on engine #2. You've got hopped-up guys clinging to the hood of the vehicle vying to blow mouthfuls of gasoline right down into the supercharger through the intake. Sometimes the thing belches backdrafts of flame right into their faces.

Oh, and also, short sellers get fed to Mr. Wu's pigs.

I didn't see the new Mad Max, but I am a Deadwood fan.

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Mike

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  #35 (permalink)
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couple videos




dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #36 (permalink)
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Big Mike View Post
I really thought that China was better at playing the long game than this. I figured them for being on their way to becoming the new reserve currency in a generation or two, and instead they are shortsighted enough to make this huge mistake?

Amateur hour. This is just based on my understanding of their actions so far, which isn't a lot to be fair.

Mike

Sort of, I think they are conflicted because they figured to become the biggest, an economy needs autonomy but they want to control at the same time. They are starting to realise that once you start messing with markets where value is driven by sentiment, you can only influence it but not fully control it.

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  #37 (permalink)
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Big Mike View Post
I didn't see the new Mad Max, but I am a Deadwood fan.

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Mike

Cockasuckah indeed. That's what I said when they criminalized short selling..

I was skeptical but Mad Max won me over. Phantasmagorical chase scene. You'll love it.

In my view, the Chinese are in the end going to be knee-deep in Japanese doo-doo. They think they are way smarter than the Japanese, that they won't make the same mistakes -- but their economy is going to get crushed in exactly the same way, only the Japanese crush was stocks first then real estate, and this is real estate then stocks.

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  #38 (permalink)
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Shanghai 1990 vs 2010

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Sent from my phone

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  #39 (permalink)
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suko View Post
Cockasuckah indeed. That's what I said when they criminalized short selling..

I was skeptical but Mad Max won me over. Phantasmagorical chase scene. You'll love it.

In my view, the Chinese are in the end going to be knee-deep in Japanese doo-doo. They think they are way smarter than the Japanese, that they won't make the same mistakes -- but their economy is going to get crushed in exactly the same way, only the Japanese crush was stocks first then real estate, and this is real estate then stocks.

no matter how you scream, China has its own way to grow.

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  #40 (permalink)
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Market manipulation on this type of scale is not new, anyone ever heard of the Plunge Protection Team?

Then there's the old favorites for long term manipulation, Bond buying by the central banks.

I can understand why they're doing this, allot of China's non-urban residents have been the ones buying the top, they want to avoid civil unrest...

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