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China’s stock markets cratered again today, despite the government’s stimulus efforts. The Shanghai Composite Index fell by 8.5% and the Shenzhen A-shares index lost 7% of its value....
The government’s desperate attempts to goose the market were actually a key reason behind today’s drop, analysts said: “Investors are afraid the Chinese government will withdraw supporting measures from the market,” Sam Chi Yung, a strategist at Delta Asia Securities in Hong Kong told Bloomberg. “Once those disappear, the market cannot support itself.”
originally posted by: ShortNoodle1
Chinese are way more savvy than west is when it comes to finances
I honestly wouldn't worry about China, I would worry about Uncle Sam
We've had a lot longer than that.
originally posted by: pl3bscheese
a reply to: Profusion
Maybe they're just not as good as the US in this. We've had 25 years to perfect the rigging.
The market has been rigged since it's inception.
In 1792, traders formalized their association with the Buttonwood Agreement which was the origin of the New York Stock Exchange.