Chinese Stock Market Tumble
tempo_n_groove
Posts: 41,615
http://www.nytimes.com/2016/01/08/business/dealbook/china-shanghai-stocks-fall.html?_r=0
This may be the US 2008 crash in the making for them. Oil keeps going down too because of their decline.
Look for China to spend a ton of cash to right this ship...
This may be the US 2008 crash in the making for them. Oil keeps going down too because of their decline.
Look for China to spend a ton of cash to right this ship...
0
Comments
-
I sure hope Not...FUCK!!!!0
-
Well the devalued currency is about to have a test.0
-
.09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.Monkey Driven, Call this Living?0
-
What's your retirement savings look like? Are those chickens still laying golden eggs?rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.
I'm curious and also impressed that you don't need money. Please share.0 -
When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.tempo_n_groove said:
What's your retirement savings look like? Are those chickens still laying golden eggs?rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.
I'm curious and also impressed that you don't need money. Please share.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.
Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!Monkey Driven, Call this Living?0 -
Very cool. Thank you for sharing.rgambs said:
When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.tempo_n_groove said:
What's your retirement savings look like? Are those chickens still laying golden eggs?rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.
I'm curious and also impressed that you don't need money. Please share.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.
Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!0 -
Check back when I am 75 and I am tired of shoveling chicken shit with my rickety cricks loltempo_n_groove said:
Very cool. Thank you for sharing.rgambs said:
When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.tempo_n_groove said:
What's your retirement savings look like? Are those chickens still laying golden eggs?rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.
I'm curious and also impressed that you don't need money. Please share.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.
Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!Monkey Driven, Call this Living?0 -
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
0 -
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.0 -
It's all smoke and mirrors. Even worse, it's anthropocentric in the worst kind of way. If we ran our economy with a biocentric perspective we would do much to protect species diversity. Instead, we chew up and despoil the planet with our consumer oriented economy and this endangers a multitude of species (with us right up there near the top). China and the U.S. are the two biggest culprits of our demise.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
"It's a sad and beautiful world"-Roberto Benigni0 -
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.0 -
Excellent analogy, polaris_x. And that is exactly how it is that we humans exhaust the sustainable quantity of resources the earth has to give by August of each year. The rest comes out of future reserves. Simple math shows how absurd this behavior is.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South."It's a sad and beautiful world"-Roberto Benigni0 -
The little guy looks for more wood. The wealthy go and buy forests.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.
The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...
I would personally LOVE to let all the big companies fail. The ship would right itself over time.
As for most people it's not good when the big ones fail.0 -
i think we need to define what is good ...tempo_n_groove said:
The little guy looks for more wood. The wealthy go and buy forests.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.
The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...
I would personally LOVE to let all the big companies fail. The ship would right itself over time.
As for most people it's not good when the big ones fail.
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..
really ... if a company like exxon fails ... the short and long term outcomes is better ...0 -
Ahhh yes, rainbows and unicorns...polaris_x said:
i think we need to define what is good ...tempo_n_groove said:
The little guy looks for more wood. The wealthy go and buy forests.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.
The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...
I would personally LOVE to let all the big companies fail. The ship would right itself over time.
As for most people it's not good when the big ones fail.
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..
really ... if a company like exxon fails ... the short and long term outcomes is better ...
So the Chinese market stayed above water and oil is still cheap.0 -
^^^
That's funny.
I don't care if the big ones fail.
But it better not affect my way of life.
I enjoy shopping for useless stuff sometimes, well a lot actually.
I like to drive my car just for the sake of driving and l like to drive my truck for short trips to the mall.
I like having cheap gas to burn for 20mins in the winter to heat my car up before I get in it.
I certainly turn on as many lights as I want in my home because living in a batcave does not appeal to me.
I can't stand CFL bulbs they give off shit for light which is why I have a lifetime of 100w bulbs I stocked up on from the dollar store.
Bring on the luxuries!0 -
ok ... well ... if you're gonna resort to that ...tempo_n_groove said:
Ahhh yes, rainbows and unicorns...polaris_x said:
i think we need to define what is good ...tempo_n_groove said:
The little guy looks for more wood. The wealthy go and buy forests.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.
The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...
I would personally LOVE to let all the big companies fail. The ship would right itself over time.
As for most people it's not good when the big ones fail.
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..
really ... if a company like exxon fails ... the short and long term outcomes is better ...
So the Chinese market stayed above water and oil is still cheap.0 -
I was in a Target store a few days ago (I don't shop there and why I was there is a long story and irrelevant). The experience was unsettling. As I walked around the place I was struck by how almost everything was cheap crap and 99% of it was stuff no one really needs. This huge store and all this cheap, disposable crap. And how many store are there out there like this? It boggles the mind.polaris_x said:
i think we need to define what is good ...tempo_n_groove said:
The little guy looks for more wood. The wealthy go and buy forests.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.
The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...
I would personally LOVE to let all the big companies fail. The ship would right itself over time.
As for most people it's not good when the big ones fail.
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..
really ... if a company like exxon fails ... the short and long term outcomes is better ...
"It's a sad and beautiful world"-Roberto Benigni0 -
We can go back and forth all day long about what we rally need. We all know and we all get it.polaris_x said:
ok ... well ... if you're gonna resort to that ...tempo_n_groove said:
Ahhh yes, rainbows and unicorns...polaris_x said:
i think we need to define what is good ...tempo_n_groove said:
The little guy looks for more wood. The wealthy go and buy forests.polaris_x said:
but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?tempo_n_groove said:
For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.polaris_x said:
the economy is the biggest fraud out there ...rgambs said:We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.
We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.
The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...
I would personally LOVE to let all the big companies fail. The ship would right itself over time.
As for most people it's not good when the big ones fail.
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..
really ... if a company like exxon fails ... the short and long term outcomes is better ...
So the Chinese market stayed above water and oil is still cheap.
Let's stick to the topic of China's quite possible economic collapse. They did build cities where no one lives... That's "cities" as in plural. No one lives in any of them...
Remember what happened when no one was able to buy the houses we were building here?
I see China doing what we did, tons of spending or Quantitative Easing if you will, to help stop the avalanche of awful that's heading their way.0
Categories
- All Categories
- 148.9K Pearl Jam's Music and Activism
- 110.1K The Porch
- 275 Vitalogy
- 35.1K Given To Fly (live)
- 3.5K Words and Music...Communication
- 39.2K Flea Market
- 39.2K Lost Dogs
- 58.7K Not Pearl Jam's Music
- 10.6K Musicians and Gearheads
- 29.1K Other Music
- 17.8K Poetry, Prose, Music & Art
- 1.1K The Art Wall
- 56.8K Non-Pearl Jam Discussion
- 22.2K A Moving Train
- 31.7K All Encompassing Trip
- 2.9K Technical Stuff and Help