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The Chinese are learning how to keep things steady.
That's hilarious! You should buy some Chinese stocks on Monday, what could go wrong?
You need to learn about the present continuous.
How much did you buy?
Yeah, you just keep deflecting away from your English inability.
so what's wrong with trying to prevent a stock market crash?
who with a bit of a brain wouldn't try to prevent it?
China is trying hard to maintain low currency.Just reading about that...seem the Chinese govt. is pumping billions to stabilize their market..The worst thing is they are playing the margins in great numbers...Could be real; bad news.........But they are still up for the year, and last year they pumped billions into the real estate market which collapsed last year... I am doubting that China will have a valuable enough yuan o try and dump the petro dollar...next year....
I see no evidence of that and of course neither do you which explains why you failed to provide any.China is trying hard to maintain low currency.
Even as China's stock markets are in a free-fall the eyes of the world are fixed on Greece. Still we find the crux of world focus locked on a Euro-zone that continues a several year talkaton and is still busy wrangling over the issue of Greek default. Considering the collapse of its stock market it would seem the world should be much more worried about the economic chaos going on in China.
Remember China has about 1.4 billion people and the world's second largest GDP. It is important to note that while some risk of contagion exist from what is happening in China the real impact may not be felt for some time. China was able to manipulate its market higher last night, but that does not mean the carnage is over and the market has bottomed. The article below delves into a collapse long overdue.
http://brucewilds.blogspot.com/2015/07/china-merits-our-attention-greece-is-on.html
What will this mean for the United States
but greece had no effect on the world market b/c its so smallWhat will this mean for the United States
On Saturday, China's 21 largest brokerage firms said they would spend a whopping 120 billion yuan (about $19.3 billion) to try to stabilize the market, according to Chinese state media. The firms will actually buy stock funds themselves.
The goal is to show regular mom and pop investors that the big players still think buying stocks is a good idea. It's a similar strategy to companies buying back their stock when they think it's undervalued.
China spends billions to prevent stock market crash - Jul. 4 2015
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but greece had no effect on the world market b/c its so smallWhat will this mean for the United States
On Saturday, China's 21 largest brokerage firms said they would spend a whopping 120 billion yuan (about $19.3 billion) to try to stabilize the market, according to Chinese state media. The firms will actually buy stock funds themselves.
The goal is to show regular mom and pop investors that the big players still think buying stocks is a good idea. It's a similar strategy to companies buying back their stock when they think it's undervalued.
China spends billions to prevent stock market crash - Jul. 4 2015
at least that what your fellow leftist have told me
on a serious note, if china goes, it's game over for the world, just like you guys planned.
Many leading Information technology companies are holding considerable cash overseas.
For example:
Microsoft: 93 Billion
Apple: 70 Billion
IBM: 61 Billion
Cysco Systems: 63 Billion
Google: 47 Billion
Hewlett-Packard 43 Billion
And the list goes on.
See: U S Companies are Stashing 2.1 Trillion Overseas to Avoid Taxes
One wonders how much of these assets are being entrusted to the integrity and solvency of the Chinese banking system.
A recent news article stated that "China fell back on its major levers to stem the biggest stock market rout since 1996 and a deepening slowdown, cutting interest rates for the fifth time since November and lowering the amount of cash banks must set aside [to cover bad loans]."
See China Falls Back on Rate-Cut Lever to Stem Stock Market Rout
I should think that lowering the amount of cash that Chinese banks need to set aside to cover bad loans would make these banks more prone to failure, given China's economic problems. The question is if these banks do fail, will they take with them the assets of American corporations that might be on deposit with them?
I understand how rate cuts can stimulate an economy. My concern was with their other action: lowering the amount of cash Chinese banks must set aside to cover bad loans."Many leading Information technology companies are holding considerable cash overseas.
For example:
Microsoft: 93 Billion
Apple: 70 Billion
IBM: 61 Billion
Cysco Systems: 63 Billion
Google: 47 Billion
Hewlett-Packard 43 Billion
And the list goes on.
See: U S Companies are Stashing 2.1 Trillion Overseas to Avoid Taxes
One wonders how much of these assets are being entrusted to the integrity and solvency of the Chinese banking system.
A recent news article stated that "China fell back on its major levers to stem the biggest stock market rout since 1996 and a deepening slowdown, cutting interest rates for the fifth time since November and lowering the amount of cash banks must set aside [to cover bad loans]."
See China Falls Back on Rate-Cut Lever to Stem Stock Market Rout
I should think that lowering the amount of cash that Chinese banks need to set aside to cover bad loans would make these banks more prone to failure, given China's economic problems. The question is if these banks do fail, will they take with them the assets of American corporations that might be on deposit with them?
if China is cutting rates that's a good sign. America can't do that because the Fed has already cut them to 0%.
Do you understand?
I understand how rate cuts can stimulate an economy. My concern was with their other action: lowering the amount of cash Chinese banks must set aside to cover bad loans."Many leading Information technology companies are holding considerable cash overseas.
For example:
Microsoft: 93 Billion
Apple: 70 Billion
IBM: 61 Billion
Cysco Systems: 63 Billion
Google: 47 Billion
Hewlett-Packard 43 Billion
And the list goes on.
See: U S Companies are Stashing 2.1 Trillion Overseas to Avoid Taxes
One wonders how much of these assets are being entrusted to the integrity and solvency of the Chinese banking system.
A recent news article stated that "China fell back on its major levers to stem the biggest stock market rout since 1996 and a deepening slowdown, cutting interest rates for the fifth time since November and lowering the amount of cash banks must set aside [to cover bad loans]."
See China Falls Back on Rate-Cut Lever to Stem Stock Market Rout
I should think that lowering the amount of cash that Chinese banks need to set aside to cover bad loans would make these banks more prone to failure, given China's economic problems. The question is if these banks do fail, will they take with them the assets of American corporations that might be on deposit with them?
if China is cutting rates that's a good sign. America can't do that because the Fed has already cut them to 0%.
Do you understand?