It, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We should be facing another 30 drop. Which is exactly what we used to do when the government encouraged opening accounts and people opened five accounts and borrowed money to put in the accounts. Specifically, its a phony we have lost all confidence in the chinese economys ability to run either their stock exchanges or for that matter, their economy. And that loss of faith is translating into genuine fear of some sort of systemic crisis that could hurt worldwide growth. There will be fed officials galore talking up the need for rate hikes later this year given the
Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last nighghwith all sorts of bubung, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managegeto come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We
Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We
And it is a tone that will depend largely on the administrations willingness to respect the message sent. That is one of the things that we are discussing on friday. It was a productive meeting and there were a lot that both parties can accomplish over the next couple of years. I hope that happens and i hope im optimistic currid working together requires trust. I think president obama has the duty to help build the trust that we all need to move forward together. And to double down on old ways of doing business. That is why i think moving forward with unilateral action would be a big mistake. As it was last nights announcement to give china a free pass on a mission while herding middleclass families and struggling miners here in our country. Last friday the president said that the American People would like to see more cooperation in washington. He says he thinks all of us have the responsibility and himself in particular to try to make that happen. And that is the kind of tone that th
But maybe that is causing ripples in the United States and members of the Opposition Party in thailand are challenging sundays general election arguing it violated the constitution. Investors have sent markets across asia on a downward slide in the Tokyo Stock Exchange racked up the worst loss since the benchmark nikkei average posted its biggest one day loss of more than seven months. It tumbled four point one eight percent in at fourteen thousand and eight its lowest close in almost four months. Investors pulled their money out of riskier assets such as stocks after disappointing Us Manufacturing data and fears investors went after safer assets such as the japanese currency. This country and her local equities especially export related issues in growth sensitive shares the nikkei climbed fifty six percent last year the best performer among Major Economies in the world. Since then. Many investors have reduced their positions in part because of worries about Slower Growth in china and