They can never overtake the United State because they are without top hat.
Many years ago, inside of The PPT, I purged all stocks related to China and segregated them into its very own sector, named “CHINESE BURRITOS”–because you never know what you’re gonna find inside. On the main screening page, I allowed for a check box that says “not a China stock”–because everything reported by these companies is fiction.
It cannot be a coincidence. This must be state policy, to defraud the Americans, rob them of their coin. Or, there mental disorders are running rampant throughout China.
The truth is a little simpler. The Chinese people are very new money. The overwhelming majority of their millionaires were created over the past 10 years. If you look at the stats, you will not believe it This upper class are foaming from the mouth consumers. They make Russian oligarchs look like misers, buying the best first growth Bordeaux, fine art, even replicating French cities because they can.
Basically, all of this new money is making the “try-hards” crazy, which in turn is leading to vast amount of securities fraud in America.
The SEC needs to ACT NOW and purge the Chinese from our top hatted markets. The most recent fraud allegation is NQ. I genuinely feel sorry for their shareholders, as it’s nearly impossible for the layman to discover fraud without vast resources.
AVOID ALL CHINA NAMES. I believe this NQ situation has tainted the pool and the seasonal November decline for Chinese shares will prove to be somewhat horrendous.
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CGA great example. Reports supposed incredible earnings and profits. But any proof of it is impossible to find. Just supposed to take their word.
Business as usual in China.
It’s ironic that one of the oldest civilizations is the most immature to wealth. Are the virtues of a sophisticated civilization not transcendent along hereditary lines? Odd, no?
Just for a lark I put a market order in for 200 shares of NQ, shut my eyes for 5 seconds, then sold.
I made about 1%.
wizard
AWW HERRO, TANK YOU FOR YOUR MONEY, COME AGAIN.
china figured out how to attack America…thru greed…
“They can never overtake the United State because they are without top hat.”
Things belongs on the greatest hits album.
Well duh, China Govt itself is so focused on the huge amount of kickbacks, graft, etc…..OK on another topic. Yes, I am a Bear, but all my indicators are pointing to a major crash soon, fwiw. Also, I knew that the BDI couldn’t continue with the sucky Rebar Prices China was getting.
what indicators do you speak of? No crash unless bondzilla attacks.
NYSE advance-decline Volume, Fibonacci, Gann, also the huge historical Margin levels. Plus, much more. Bondzilla is holding the 10 year 2.50% support on the upcoming eve of FOMC meeting and Senate Confirmation hearings where Yellen has to defend QE in her “Yellen” style.
Quality decorating, the jack o’lantern is a nice touch. That is all.
I remember an interview with a Chinese diplomat of some sorts years ago and the reporter was asking him about their wealth, he simply responded that America has taught us well…..also China plays the long game and American plays the short stupid game…in the long game, China wins.
in the long game, China wins??
What the fuck long game you talking about?
China has been a country for 7000 fucking years, and they are STILL LOSING to a less than 300 year old country.
Don’t be stupid — as Fly says, China can never win b/c they are without top hat.
‘China can never overtake the US because they are without top hat.’
-Lé Fly, 2013
Even though we closed green today I feel like some giant puke is about to happen.
me bunghole is larger this week due to a FXI burrito clean and jerk.
There is an entire generation of lipsmacking shufflers raised with no sense of morals just waiting to gobble up your money like so much dim sum.
my portfolio begs to differ in the “closed green” camp