China Stock Markets Plunge

[Hopperbin]

Some dink turned the stick welder off

http://www.bloomberg.com/video/84128896/

[errolanderson]

Feel very uneasy about China these days.
Believe banking problems are much bigger
than most imagine. Hopefully, not Wall
Street ll meltdown, but realistically
how much experience does a communist
country have with run-away capitialism.

Believe soft landing recession in the
cards with a hard landing possible if
the government doesn't handle this well.

This will impact the commodity world and
the Cdn dollar. That's why this thread
was shot out this morning.

Errol

[bucket]

The chinese have been using the market for more generations than north america has existed. Communist yes, stupid no.

This may be another marketing tactic in their arsenal.

[Hopperbin]

I really don;'t think the melt down is as bad as people think. For one the ex owns 4 housing units that were paid for in cash. no need to go with a bank loan. not counting the half million she took out of me cause our law enforcement has no juristiction out of country then she worried about gas mileage and cost of 30 to 60 grand for purchase, now I gotta drive her to Saskatoon and test drive some shit toyota.

[Hopperbin]

I am thinking the difference of China and North America is the debt, Chinese have cash when the buy something, we have the bank loan.

[T.N.T.]

You are awful kind to your ex?

[ALLFARMER]

If it got tits or tires you know your gunna have
trouble with it!

[rhoff]

You hear so many worry about china only growing at 7.5%.However people need to remember the law of large numbers.7.5% this year is going to create the same demand as 10% a few years ago did.

[Hopperbin]

TNT she hates it when I say she has money. I seen wheel barrel full amounts of 100 yuan bills trading hands. Like under the table monies when I was there.

[errolanderson]

rhoff - believe the debt leverage is way
higher in China right now than 10 years
ago. That's why an amazing growth rate of
7.5% this year may actually signal a
recession.