THE BORE
General => The Superdeep Borehole => Topic started by: Am_I_Anonymous on July 07, 2015, 02:43:19 PM
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Keep doubting us you euro trash fuckbois.
http://www.bloomberg.com/news/articles/2015-07-07/chinese-trading-halts-freeze-1-4-trillion-of-shares-amid-rout
Bye bye.
(http://assets.bwbx.io/images/iZBRHFUoWSUU/v2/-1x-1.jpg)
:ufup
Onto brazil then.
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General MacArthur wins, 60 years later
:rejoice
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:bow Abby Wambach for President :bow2
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Weighted indices? Well, I'm convinced.
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China's embrace of free market reforms has pulled more people out of poverty than any other development in the history of the world :ufup
I'd like to see this fact per capita please. I don't like to give China easy wins just because their ancestors fucked a lot.
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Pax Americana is going to be around a lot longer than people think :aah
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Awful thread, awful graph. Okay, the Chinese market is back at March numbers—it's still up 80% for the year. And their stock market is only a third of their economy unlike 100% like ours. This is what happens when you watch Fox News, brehs.
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AiA, I'd have expected you to be in the "China's gonna surpass us cause something something Obama" camp.
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This thread is embarrassing.
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fume at the greatest country on earth u_u
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China is the heel that the world needs, and still maintains its relevance centuries on. Whether its poisoning their own kind with fake food, forcefully annexing unimportant Southeast Asian islands, or having the rest of the worlds' economies by the balls, they're an easy target for hatred.
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I appreciate China for giving me a really easy argument when I get into a debate about environmental regulations.
"Get rid of the EPA? Let me show you this picture of the Beijing skyline."
Looks like Bladerunner, your argument is dumb
(http://i.imgur.com/kDTbkhS.jpg)
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Oh look, AiA recognizes that one shape fits with another shape.
Can't wait for the macro-econ insight he gives once he knows what the cow says before the string fully retracts.
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In fairness to AiA, I have yet to read an article about this that wasn't either from a Party source or smoke and mirrors "Was Kremlinology this bad too?" spitting into the wind. My favorite was a Vox article that made this all about the lack of political freedom in the PRC and then talked about the Republic of Korea and Japan escaping the middle income trap when those were both such *thriving* and vibrant democracies during those periods. :lol
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The Yanks and Limeys practically go into recession once a decade these days.
That being said the Chinese could have picked another time though, what with the euro fuckup and Korea looking a little wobbly.
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Can someone give me the 2˘ tour of why China's artificial value suppression of their currency isn't going to be an utter catastrophe in the near future?
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As someone who currently makes line charts for a living, I can verify that that is indeed some kind of line chart.
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The Yanks and Limeys practically go into recession once a decade these days.
That being said the Chinese could have picked another time though, what with the euro fuckup and Korea looking a little wobbly.
Yeah we're actually due for another one here. The telltale signs of a bubble are prevalent. Uber is worth $40 billion like eToys stock is worth $100 a share back in 2000.
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Can someone give me the 2˘ tour of why China's artificial value suppression of their currency isn't going to be an utter catastrophe in the near future?
Because it can't stay like that if it's going to become a reserve currency, which is a goal of the government.
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Hong Kong needs to be re-liberated before they fully integrate into mainland decadency :american
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Weighted indices? Well, I'm convinced.
The part I like better is that excepting the final boom and bust of each graph, the U.S. graph shows comparatively steady growth over the shown period making the large downturn remarkable. The Chinese line shows two clear massive bubbles arising the last of which may be what the downturn is headed into bursting.
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The terribad pollution seems to be a very real possible problem. But I'm not an expert.
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Can someone give me the 2˘ tour of why China's artificial value suppression of their currency isn't going to be an utter catastrophe in the near future?
Because it can't stay like that if it's going to become a reserve currency, which is a goal of the government.
I'm sure Japan also thought similar things about the yen, but it didn't prevent it from tanking. What is going to be different about Chinese Wishful Thinking?
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The yen is a key reserve currency? ???
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The yen is a key reserve currency? ???
What do you think Sony, Sega and Nintendo operate in?!?!?!?
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The yen is a key reserve currency? ???
Sorry, I don't know enough about this to actually discuss it, which is why I asked for details. I mean that the Chinese government can hope to become a reserve currency, but with the artificial way it has suppressed the value of its currency, when its worth is finally reflected it will hamper their ability to export.
Actually, my 30 seconds of wikipedia mentioned that being a reserve currency hurts the USA's effectiveness as an exporter. it'd seem like China would have a similar concern, no?
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It probably wouldn't help exports (the Swiss franc is a manipulated reserve currency but the Swiss economy is still dependent on exports), but export-oriented industrialization isn't a sustainable mode of production--industrialization itself being a self terminating process once an economy is industrialized--and it offers benefits I would consider worth the costs to exports, for example changing the parameters of the global oil market (exclusively priced in U.S. dollars at present despite many OPEC governments ostensibly disliking the United States), further enabling the "dollar diplomacy" the CPC has been engaging in for some time (http://foreignpolicy.com/2010/06/15/beijings-coalition-of-the-willing/) (sorry for the FP link, no benji), and lower public financing costs (if the current market socialism in place were to erode into a more traditional mixed economy this would be important).
There are other :hans1 things best left unsaid to avoid the appearance of being a Kremlinology :expert too.
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I guess current Kremlinologists are Sino-studies ?
Anyway, time to get ready to go all Olrik.
https://www.youtube.com/watch?v=C4s0dfDU-wM
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I don't know if there's an academic term for scholars on Modern China (all the courses I took on it in university were just classified as "history") so I fell back on the old term for supposed experts on the Soviet Union to show my disdain at the simplistic and nakedly ideological analysis on China you find in English language press. (Kremlinology not being a particularly astute science when it was in demand.)
:dead this movie looks amazing.
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Okay, we all kinda of blew this off the first time around, but things are still quite bad in China and getting worse:
Chinese shares plummeted more than eight percent within an hour of trade on Monday in the face of a global sell-off, despite Beijing authorising its state pension fund to invest in stocks in its latest attempt to shore up markets.
The plunge in China's equities followed last week's losses of 11 percent, and hammered stock prices across Asia, as fears grew that a slowdown in China could send the rest of the world into a recession.
The Shanghai Composite Index fell 8.5 percent to close at 3,209.91 points, its biggest one-day loss since an 8.8 percent decline on Feb. 27, 2007. The index is down 38 percent from its June 12 peak.
Meanwhile, Hong Kong's benchmark Hang Seng Index dropped more than four percent in the first few minutes of trade, the Australian market dived three percent, while Japanese and Taiwanese markets were routed more than two percent.
More than $5 trillion has been wiped off the value of global equities markets since China's shock devaluation of the yuan on August 11 sparked fears the world's second-largest economy is weaker than thought.
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1000 point drop in the Dow when it opened this morning.
(http://i.imgur.com/9ecrHNT.png)
After Trump tweeted this, the Dow bounced back nearly 800 points.
Thank You, Lord JESUS, FOR PRESIDENT TRUMP
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I agree Comrade Trump, the central economic planning in this Socialist Republic leaves us all wanting.
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If only Deng Xiaoping had been successfully purged :fbm
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Going to be the envy of all my comrades when my Hua Guofeng Was Right shirt arrives. :jawalrus
OT: Xinhua is running a piece touting an Economist article about this whole thing being overblown. It was around this point that I decided that the world had gone mad.
Free Bo Xilai. #BoKnows
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Chinese markets dropped another 7%:
http://money.cnn.com/2015/08/24/investing/china-world-stock-markets/
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Told you broke ass fuckbois.
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http://www.economist.com/news/business-and-finance/21662092-china-sneezing-rest-world-rightly-nervous-causes-and-consequences-chinas
The proximate cause for all this is a chain of events that began with the surprise devaluation of the yuan on August 11th. More than $5 trillion has been wiped off on global stock prices since then. Today's Chinese-market meltdown seems to have been driven by disappointing data on Friday, which suggested that China's industrial activity is slowing sharply, and by the failure of the Chinese government to unveil bold new market interventions today to prop up equity prices.
How much, then, should we worry? A fall in China’s stockmarket was hardly unlikely given its dizzying climb in the first half of the year. Its tumbling should be put in context: the Shanghai Composite is still up 43% on its level of a year ago. The knock-on effects from market turmoil should be limited, at least in the short run. Relatively little Chinese wealth is stored in shares. More is held in property, the market for which has stablised in recent months. What's more, China's government has yet to unleash its most potent interventions; it has room to cut reserve requirements at banks, for instance.
With emerging markets faltering and Chinese rebalancing incomplete, rich economies are left as the lone engine of economic growth. That is a worrying prospect. Europe's recovery remains fragile and export-dependent. America's is more robust. But while American banks are healthier and consumers less indebted than they have been in more than a decade, the American economy also accounts for a smaller share of global GDP than it did in the 1990s or 2000s, when the American household was often relied upon as the global shopper of last resort.
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Central planning will save us all! :bow2
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Thank You, Lord JESUS, FOR PRESIDENT TRUMP
:lol :lol :lol But the actual order is: Thank You, JESUS, FOR Lord PRESIDENT TRUMP.
Which made that image even better. :lol
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http://m.spiegel.de/international/business/a-1048739.html
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https://news.vice.com/article/chinas-new-video-about-kicking-americas-ass-is-more-than-meets-the-eye
You can forward me the L for posting a vice article, but I will award vice an L for attempting to directly translate Chinese naming, and then knock China for the name not sounding snappy.
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Didn't they take an L from Japan? Guess who didn't take an L from Japan?
:american :american :american :hulk :hulk :hulk :american :american :american
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http://money.cnn.com/2015/09/05/news/economy/china-us-economy-democrats/index.html
Thanks, Obama!
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Didn't they take an L from Japan? Guess who didn't take an L from Japan?
:american :american :american :hulk :hulk :hulk :american :american :american
They gave us a good hiding in Korea.
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http://www.visualcapitalist.com/china-consumes-mind-boggling-amounts-of-raw-materials-chart/
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Didn't they take an L from Japan? Guess who didn't take an L from Japan?
:american :american :american :hulk :hulk :hulk :american :american :american
They gave us a good hiding in Korea.
Sadly, the Japanese gave lots of people literal hidings in Korean Unit 731's laboratory.
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Keep doubting us you euro trash fuckbois.
lol China and 'Murica
(https://71yddq.dm2301.livefilestore.com/y2pprrTXtqU-IWR6tF5twOZFLnDkrgN4EJL-MewJ4-GYtphD1swLYoV4OqNxgQ9UrFHH76kTyZ9ngSbour59RhEIeygRrwx76jLy68HOtDTY3t9g1LhKG6XqsoZC6kBL9Or/TheFirstRule.gif?psid=1)
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https://news.vice.com/article/chinas-new-video-about-kicking-americas-ass-is-more-than-meets-the-eye
You can forward me the L for posting a vice article, but I will award vice an L for attempting to directly translate Chinese naming, and then knock China for the name not sounding snappy.
But it's over the Twitter limit ! What were the thinking ? :bluesteel
That article is so obnoxious and superficial. The video is produced by an unidentified entry ? There's a credit roll at the end. :neogaf
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http://fortune.com/2015/10/15/china-billionaires/
Do you hear the people sing?
Singing the song of angry men?
It is the music of the people
Who will not be slaves again!
When the beating of your heart
Echoes the beating of the drums
There is a life about to start
When tomorrow comes.
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there are like two europeans on this board and this is a thread where usa > china, yet you're still calling out europe? :lol
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there are like two europeans on this board and this is a thread where usa > china, yet you're still calling out europe? :lol
France is in Europe, but not /of/ Europe. Ask how much they feel like they can relate to other Europeans' #struggle. Hell, ask them to speak any other Yuropeen language, for that matter. They're so monolingual, they could practically be Americans.
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French Fries secretly american all along :usacry
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there are like two europeans on this board and this is a thread where usa > china, yet you're still calling out europe? :lol
France is in Europe, but not /of/ Europe. Ask how much they feel like they can relate to other Europeans' #struggle. Hell, ask them to speak any other Yuropeen language, for that matter. They're so monolingual, they could practically be Americans.
What are you talking about. Europe is us. :smug
Yeah France is self centered and we probably share some sort of exceptionalism belief with the USA... But on the whole we are not estranged to the European concept (Franco German relation being anything else than at war was pretty central) unlike the United Kingdom.
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Germany and France are core Europe. <3 (http://i.imgur.com/Nx9rdjP.png)
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Most French people are nice and welcoming but some act pissy towards tourists.
Also I think I remember there being a law where like 2/3 of films and music on the radio have to be French (or European?) made as some sort of cultural preservation thingy. The other 1/3 is filled with the same 2-3 Hollywood films or pop songs.
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There's quotas for music and films on TV but not 66%. Film industry is kept at a high rate by subsidies but it's not that much different than the USA or the various tax shelters schemes for film around the globe. I don't think any of that is to be taken as hostility, but yeah french exceptionalism is a thing.
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Most French people are nice and welcoming but some act pissy towards tourists.
Also I think I remember there being a law where like 2/3 of films and music on the radio have to be French (or European?) made as some sort of cultural preservation thingy. The other 1/3 is filled with the same 2-3 Hollywood films or pop songs.
My problem is actually with French tourists, not being a tourist in France. When I was in college in Santa Cruz, we had French tourists frequently. They would visit the French bakery. Then they wouldn't complain loudly and and I think accent about how bad the French bread was here. I normally never say this but one time I actually said "go home."
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Sounds pretty accurate (The bread struggle is real outside of France :lol ). There is some subsegments of tourism that seem to be an endless generator for this type of stuff, regardless of the country of origin. Nationality seems to modulate the exact form of expression of those vulgar tendencies.
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Sounds pretty accurate (The bread struggle is real outside of France :lol ). There is some subsegments of tourism that seem to be an endless generator for this type of stuff, regardless of the country of origin. Nationality seems to modulate the exact form of expression of those vulgar tendencies.
True enough. Japanese food in the USA is both expensive AND poor quality compared to in-Japan, and Japanese people THINK THEY WILL DIE if they don't have miso-soup and white rice for three days (or at least they act like it), so they go out for bad Japanese while traveling.
But, being Japanese in nature, they suffer silently about it.
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Sounds pretty accurate (The bread struggle is real outside of France :lol ).
«Du pain et la Constitution de 1793! Du pain et la Constitution de 1793! Du pain et la Constitution de 1793!»
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https://www.youtube.com/watch?v=m91zBt94Ll0
China goes folk, defeats America, AiA is the first against the wall.
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The chisan-what?
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there are like two europeans on this board and this is a thread where usa > china, yet you're still calling out europe? :lol
fuck europe
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ya, what a bunch of gaylords.
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:'(
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http://www.nytimes.com/2016/01/08/business/dealbook/china-shanghai-stocks-fall.html?_r=1
Futures trading indicated United States markets might open down by about 2 percent on Thursday, following a sharp sell-off the day before.
The markets in China closed after only 29 minutes and did not reopen, with the main index in Shanghai down 7.3 percent. Other Asian markets slumped as well.
“Obviously, it doesn’t look good, it doesn’t look good at all,” said Hao Hong, the chief market strategist at Bank of Communications International, the overseas arm of a big Chinese bank.
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As the renminbi, also known as the yuan,
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Just wanted to point out that I was right :doge
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As the renminbi, also known as the yuan,
hipster numismatists
:lawd
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Just wanted to point out that I was right :doge
USA USA USA
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Just wanted to point out that I was right :doge
until the US economy crashes due to this shit. :doge
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Just wanted to point out that I was right :doge
until the US economy crashes due to this shit. :doge
Nah, it'll hurt but we'll get through it, like Japan in the 80's bro.
We'll build Brazil up to crash it down next. Check out where all the fortune 500's are expanding.
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Moral lesson: listen to AiA whenever he talks about financials (but not for anything else. :doge)
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Moral lesson: listen to AiA whenever he talks about financials (but not for anything else. :doge)
Also how to be the biggest asshole in the room at any given time. :neogaf
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Gotta give props for self-awareness.
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As the renminbi, also known as the yuan,
hipster numismatists
:lawd
I use foreign banknotes as bookmarks. :snoop
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Just wanted to point out that I was right :doge
until the US economy crashes due to this shit. :doge
Nah, it'll hurt but we'll get through it, like Japan in the 80's bro.
We'll build Brazil up to crash it down next. Check out where all the fortune 500's are expanding.
Isn't Brazil already kinda crashing
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Brazil is having the worst recession in over 100 years. Olympics should be fun.
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Just wanted to point out that I was right :doge
until the US economy crashes due to this shit. :doge
Nah, it'll hurt but we'll get through it, like Japan in the 80's bro.
We'll build Brazil up to crash it down next. Check out where all the fortune 500's are expanding.
Isn't Brazil already kinda crashing
Isn't taking credit for shit that was created first/happened already the American way?
:rejoice
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Brazil is having the worst recession in over 100 years. Olympics should be fun.
Break them down. Buy cheap. Build them up. Abandon when the middle class forms.
World's been doing this a long time. We had our turn too.
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Moral lesson: listen to AiA whenever he talks about financials (but not for anything else. :doge)
I don't know, in this post he seems to have invested a lot in junk: http://www.thebore.com/forum/index.php?topic=43251.msg2100821#msg2100821
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Stock market is tanking hard right now. Time to buy!
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Expect it to get worse being an election year.
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These first 11 days of the year have been brutal for my investments. Stay the course, mupepe. Stay the course...
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Expect it to get worse being an election year.
Why?
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http://www.bbc.com/news/world-asia-china-35278446
America triumphs again, steals all of China's money. :bow2
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Expect it to get worse being an election year.
Why?
Remember ebola leading up to the midterms in 2014 and then nothing after the election? Economic insecurity always favors the party not in charge.
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Doesn't seem like this is going to tank the US, given the strength of the recovery thus far (when compared to the rest of the world).
I'm old enough to remember when Greek's implosion was gonna hand Romney the presidency :doge