Sound familiar? China bubbles bursting.

[GATimberdoodle]

A good read. Goes along with some other threads here.

Gov pumps money into making GDP growth double digits, the connected make wads of $, but now rats abandoning ship. Their stock market is imploding.

http://www.zerohedge.com/news/2015-...16-million-annual-incomes-day-propping-stocks

 

[3clicks_Off]

Backfire x10

 

[oldmetlfan]

They manipulate their currency and economy so much, it will "bounce back" in 6 months.
As long as the US keeps buying their crappy stuff.

 

[chucklenut]

A good read. Goes along with some other threads here.

Gov pumps money into making GDP growth double digits, the connected make wads of $, but now rats abandoning ship. Their stock market is imploding.

http://www.zerohedge.com/news/2015-...16-million-annual-incomes-day-propping-stocks

Ive been saying this for years

Them dropping the adjustable peg system to our dollar really brought their overinflated economy to light

Lol, the aussies ate ****ing stupid to have engaged in dollar trading with them

Lesson......you can never trust the chinese (gov)

 

[chucklenut]

They manipulate their currency and economy so much, it will "bounce back" in 6 months.
As long as the US keeps buying their crappy stuff.

Nope, they are overproducing, no way we can buy this much, even on fiat credit lol

Drop in oil is cause they cant keep producing (oil number 1factor of production)

 

[sewerman68]

What most people don't realize is that most of the new construction going on here now is being paid for by Chinese investors. I know of 3 jobs that just came to a screeching halt last week when no checks were issued on Friday. Get ready. This is what summer of 07 was like.

 

[JWC]

Thanks GATimber for the link, and I really like your avatar!

 

[TresMonos]

A good read. Goes along with some other threads here.

Gov pumps money into making GDP growth double digits, the connected make wads of $, but now rats abandoning ship. Their stock market is imploding.

http://www.zerohedge.com/news/2015-...16-million-annual-incomes-day-propping-stocks

Well, the Chinese are known to copy us so....not surprised.

 

[karlvv30]

The Chinese are now reviving the textile industry here. Doesn't make much sense in the grand scheme of things but it's definitely happening.

http://www.nytimes.com/2015/08/03/b...ing-in-places-where-cotton-was-king.html?_r=0

 

[sewerman68]

It does if you look at from the perspective of devolution. We are the next cheap factory workers as the US becomes a 3rd world nation.