China intervenes in their market....again.

China's market dropped 7% on the first day of trading in the new year triggering gov't intervention again. This is in spite of a huge boon of lower oil prices that have saved China untold billions and, perhaps, a collapse of their economy. If their economy is in that bad condition, it seems unlikely that oil will go up significantly without major war in fear of a Chinese collapse.

World markets, as a result, suffered huge sell-offs.

www.bing.com... ularnow.carousel%22+tnCol%3a%229%22+tnOrder%3a%22ad008a88-030a-4965-843d-8cecc8f08a10%22&efirst=7&FORM=HPNN01

Many links out there connected to this out there....

Scary, to say the least...

a reply to: nwtrucker

All nations manipulate their stock markets.

I don't really have an interest in stocks, but for some reason I always enjoy watching them tank.

originally posted by: nwtrucker
China's market dropped 7% on the first day of trading in the new year triggering gov't intervention again. This is in spite of a huge boon of lower oil prices that have saved China untold billions and, perhaps, a collapse of their economy. If their economy is in that bad condition, it seems unlikely that oil will go up significantly without major war in fear of a Chinese collapse.

World markets, as a result, suffered huge sell-offs.

www.bing.com... ularnow.carousel%22+tnCol%3a%229%22+tnOrder%3a%22ad008a88-030a-4965-843d-8cecc8f08a10%22&efirst=7&FORM=HPNN01

Many links out there connected to this out there....

Scary, to say the least...

Merely behaving like all millionaire capitalists do when their bank balance is under threat.....what? some of you thought China was communist!.....oh dear.....

It was bound to happen.

There economy was expanding to fast and there rich/poor gap was getting bigger.

originally posted by: yorkshirelad

originally posted by: nwtrucker
China's market dropped 7% on the first day of trading in the new year triggering gov't intervention again. This is in spite of a huge boon of lower oil prices that have saved China untold billions and, perhaps, a collapse of their economy. If their economy is in that bad condition, it seems unlikely that oil will go up significantly without major war in fear of a Chinese collapse.

World markets, as a result, suffered huge sell-offs.

www.bing.com... ularnow.carousel%22+tnCol%3a%229%22+tnOrder%3a%22ad008a88-030a-4965-843d-8cecc8f08a10%22&efirst=7&FORM=HPNN01

Many links out there connected to this out there....

Scary, to say the least...

Merely behaving like all millionaire capitalists do when their bank balance is under threat.....what? some of you thought China was communist!.....oh dear.....

China is about as communist as North Korea is a Democracy......

a reply to: nwtrucker

They are learning some painful lessons about the consequences of interventionism when attempting to establish a market economy.

While still a totalitarian regime, they are interventionist as well as western countries, just coming from other direction. They are the only government I know of that is making efforts to move away from a centralized dictatorial economy. They are also recognizing the folly of their eugenics (or sexenics) efforts.

I don’t blame them for making the very same mistakes that western economies have.

That doesn’t mean that their massive military should’t be kept under close scrutiny.

Coupled with any oil investments they may have made as a state entity instead of through private investment, these hiccups are much less comfortably endurable.

a reply to: greencmp

Despite all the isms, if theirs goes down, all the rest go down with it.

There's no getting away from it. A 'world' economy.

a reply to: nwtrucker

I'm no fan of trade restrictions and the planet has varied concentrations of resources. All nations and/or people can and should trade with each other.

China is slowly coming out of the darkness, I'd like to see them hurry up too.

Financial collapses are the direct and inevitable consequence of market manipulation, subsidize malinvestment and you get capital consumption. It a term that sounds bad because it is.

It's not simply a matter of poor public policy, the real tragedy is that the real capital, the "good" money follows the "bad" money straight down the toilet. They will start again with less.