So here are the two main issues we’re dealing with.
1. Chinese slowdown, which is exposing how rank amateur they truly are, in regard to dealing with the complexities of being a first world economic power. They’re not ready.
2. The Federal Reserve and their stubborn, delusional, policy to hike interest rates into the teeth of a meltdown.
I’ve mentioned this over and over, ever since the Fed started jawboning about hiking rates.
As for the Chinese, they’re simply too green, and not the organic type, to instill confidence in world markets. They have no idea (extra Cramer) what they’re doing.
Cramer sums it up here.
UPDATE: The Chinese gov’t “tweeted” on Weibo that they’re suspending their insane circuit breaker rule. This should get interesting. Down 20% anyone?
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China’s circuit breaker short circuits. They said it “Didn’t work as expected” – Understatement.
Fuck China…WS should see this as a good thing and fn reverse already 🙂
Netflix doesn’t give a shit about China.
he needs to be “re-educated”
Explain to me why retail stocks are all green when department store sales suck per Macy’s?
Has anyone on the East Coast purchased any winter wear this season?
Sell the rumor… buy the news.
Interesting how NAT is barely down, and FRO is getting killed. Any news?
China is going to turn into a huge Detroit.
Free economy, true capitalism, democracy, diverse citizenship base, basic human rights.. Sounds like an upgrade to me
This is China’s moment to decide if they want to adopt western style finance which is coddling the rich, suckering the middle class, and socially supporting the poor.
I believe they’ll do the right thing.