What will the effect of the China crash be on the US?

[william the wie]

Mr. anderonjim, I have heard predictions like yours for sixty years. Has not happened yet, is not going to happen. That you wish it would happen is an indictment of your mental prowess.

Not to mention he got the economy and hemisphere wrong. When an economy hits stall speed warehouses suddenly become amazingly flammable and not just that suspicious tank farm fire outside of Kiev that was small enough to ignore in the US. However two explosions that can be seen from orbit with relatively low resolution equipment, is a tad unusual.

China is not attempting to blow up the world economy but they do seem likely to do a reasonable facsimile of that. Like it or lump it your team has the sitting scapegoat in chief so you have anointed yourselves as the villain in the piece.

 

[waltky]

More bad economic news from China...

Disappointing Report on China's Economy Shakes Markets
September 01, 2015 — Worries about China's economic growth were sharpened by a disappointing report on that nation's huge manufacturing sector Tuesday, sparking another global stock sell-off.

In London and New York, shares lost 3 percent, while Paris and Germany dropped around 2.4 percent. Prices on the Shanghai market fell drastically at Tuesday's open, but regained some strength to close at a loss of just over 1 percent, as Chinese officials insisted the situation was under control. China's official manufacturing index for August fell slightly to its lowest level since 2012. A survey by Markit, which focuses on smaller private firms, showed factory activity at the weakest performance level in 6½ years.

China is evolving from an export-driven manufacturing economy toward one based more on services and domestic demand. The world's second-largest economy also is struggling with market-oriented reforms intended to make it more efficient and productive. China has been an engine of economic growth for many years, so changes, and setbacks there, ripple through the global economy, affecting stock and commodity prices in particular.

Bumpy ride

The developments have been so significant that Japan’s finance minister, Taro Aso, suggested Tuesday that the Chinese economy be a focus of this week’s meeting of the Group of 20 major economies. Aso said that instead of being swayed by superficial market moves, he believes it is important to understand the structural issues affecting markets in China. “I think it’s beneficial to hold a frank debate at G20 on what is happening in the Chinese economy,” Aso said.

During a visit to Indonesia Tuesday, International Monetary Fund Director Christine Lagarde urged emerging economies to be vigilant for spillovers from China’s slowdown. Lagarde said China’s slowdown was not sharp or unexpected. But it's clear, she said, that the country is adjusting to a new growth model. "The transition to a more market-based economy and the unwinding of risks built up in recent years is complex and could well be somewhat bumpy," she said. An official at China’s National Development and Reform Commission, the country’s top economic planning agency, said Tuesday that stock market volatility had been contained, and that the country could push forward with market reforms.

Sentiment sinking

See also:

Lagarde Sees Weaker Global Economic Growth
September 01, 2015 — Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.

IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to "be vigilant for spillovers" from China's slowdown, tighter global financial conditions, and the prospects of a U.S. interest rate hike. "Overall, we expect global growth to remain moderate and likely weaker than we anticipated last July," Lagarde told university students at the start of a two-day visit to Indonesia's capital. The IMF in July forecast global growth at 3.3 percent this year, slightly below last year's 3.4 percent.

International Monetary Fund Managing Director Christine Lagarde speaks at the Atlantic Council

Lagarde said China's economy was slowing, although not sharply or unexpectedly, as it adjusts to a new growth model. "The transition to a more market-based economy and the unwinding of risks built up in recent years is complex and could well be somewhat bumpy," she said. "That said, the authorities have the policy tools and financial buffers to manage this transition."

Lagarde, who is visiting Indonesia for the first time in three years, said Southeast Asia's largest economy had the "right tools to actually react" to the global volatility. "You have very sound public finances with overall government debt in the range of twenty-ish percent relative to GDP, you have a relatively small deficit," she said before meeting with Indonesian President Joko Widodo.

Lagarde Sees Weaker Global Economic Growth

 

[Staidhup]

When the renminbi is added to the basket of international trade currencies next month there will be a reckoning. As for the US, as they continue to dump dollars and exit funding our debt its going to hurt. China depends on exports, recent devaluation tactics will provide them the upper hand as it regards exports, however, imports from the EU and US will continue to decline as their growth rate in GDP flattens out and possibly stalls.

 

[Mikeoxenormous]

Mr. anderonjim, I have heard predictions like yours for sixty years. Has not happened yet, is not going to happen. That you wish it would happen is an indictment of your mental prowess.

3 reasons this stock sell-off could keep going

After falling 115 points on Monday, the Dow Jones industrial average closed Tuesday to another triple-digit loss, tumbling more than 400 points. The benchmark index is now down more than more than 9% year to date.

Are these the final throes of the summer sell-off? Or is this a sign that the bears not only roam Wall Street, but rule it for now?

Notice how the libtard is going after me for REPORTING what MSN(liberal news org) is posting? As for 60 years, go look at what SOCIALISM did to the Nazi's and their 1000year rule. See how USSR went bankrupt because everyone there was treated equally, equally poor and equally miserable, jumped their walls to escape, faced down machine guns, so they could try to live a better life. So what we are seeing today, is another repeat in history, where you have a moron as president(and you morons voted for him twice) who has been manipulating the books, lies about unemployment, change the formula for the GDP, but you just cant change REALITY. It always catches up with you, and we are seeing the end results day by day. Such stupid people who keep voting dumbocrat, expecting a different result. HOW IS THAT HOPE AND CHANGE WORKING OUT FOR YOU.

 

[Mikeoxenormous]

Millennials Aren't the Only Generation Moving Back in With Their Parents

The economic recovery hasn’t rescued Millennials who are stuck living at home with their parents. This much we know already. Since 2010, the share of adults ages 18 to 34 living at home has increased, owing to the slow speed of the recovery, diminished wages for low-skilled jobs, and the weight of debt for college students (in particular for those who do not graduate).

The ROARING ECONOMIC RECOVERY, The ROARING ECONOMIC RECOVERY, The ROARING ECONOMIC RECOVERY, there I have said it 3 times, so it must be true, yet like I said above, the FACTS prove otherwise. Liberalism is a cancer on the world, and it makes everyone miserable. The only way to get rid of this cancer is to cut it out of the host, destroy it, and never let it come back in.

 

[Mikeoxenormous]

Mr. anderonjim, I have heard predictions like yours for sixty years. Has not happened yet, is not going to happen. That you wish it would happen is an indictment of your mental prowess.

Not to mention he got the economy and hemisphere wrong. When an economy hits stall speed warehouses suddenly become amazingly flammable and not just that suspicious tank farm fire outside of Kiev that was small enough to ignore in the US. However two explosions that can be seen from orbit with relatively low resolution equipment, is a tad unusual.

China is not attempting to blow up the world economy but they do seem likely to do a reasonable facsimile of that. Like it or lump it your team has the sitting scapegoat in chief so you have anointed yourselves as the villain in the piece.

http://moneymorning.com/ext/articles/windfall/soros-bets-on-market-crash.php?iris=388955

It has come to light that controversial investor, George Soros has placed a $1.1 billion bet on the United States suffering a severe stock market plummet in the very near future.
Soros, without question, has an undeniable track record of predicting such frightening events.
Plus, it has been over 1,400 days since the S&P 500 experienced an even moderate correction.

I sure hope you realize that George Soros is the puppet master that has been pulling the strings behind this admin. Now when the market tanks, HE, George is going to make billions on your suffering. Sometimes I am glad that I have been preparing the for worst, and can watch dipshits like you suffer, for stupid is as stupid votes, and they vote DUMBOCRAT. Elections have consequences.

 

[william the wie]

When the renminbi is added to the basket of international trade currencies next month there will be a reckoning. As for the US, as they continue to dump dollars and exit funding our debt its going to hurt. China depends on exports, recent devaluation tactics will provide them the upper hand as it regards exports, however, imports from the EU and US will continue to decline as their growth rate in GDP flattens out and possibly stalls.

A few common reporter mistakes to keep in mind when using sources about China:
The one child policy is actually a one Chinese citizen child policy. Anchor babies are actively encouraged by the government.
Due to the earlier retirement ages in China, 55 for women and 60 for men, the Chinese labor force is usually over-estimated.
Money smuggling is done with fake import and export certificates so keep an eye open about news of more warehouse explosions to cover up the evidence.

 

[Scriph]

1. Its not collapsing, if it is it is sanctions
2. RIP US

 

[Mikeoxenormous]

China trade shrinks in latest sign of economic weakness

HONG KONG — Chinese exports and imports contracted in August in the latest sign of weakness for the world's second-biggest economy.

How can this be happening when he who promised to lower the ocean and heal the planet, brought "HOPE AND CHANGE", to fundamentally transform America, and redistribute wealth(not to you) but to the liberal special interests groups who became multimillionaires on your taxes, when HIS economy is in roaring economic recovery? Bunch of dumbasses who voted for the 1/2 white tard who has screwed the world, WORSE than Jimmy(the peanut) Carter did. Jimmy is smiling now that he is no longer the worse president in the history of the US. I pity the guy who wins the 2016 election for America is going to be FAR WORSE than what the muslim homosexual president in office now, inherited.

 

[Mikeoxenormous]

China trade shrinks in latest sign of economic weakness

HONG KONG — Chinese exports and imports contracted in August in the latest sign of weakness for the world's second-biggest economy.

How can this be happening when he who promised to lower the ocean and heal the planet, brought "HOPE AND CHANGE", to fundamentally transform America, and redistribute wealth(not to you) but to the liberal special interests groups who became multimillionaires on your taxes, when HIS economy is in roaring economic recovery? Bunch of dumbasses who voted for the 1/2 white tard who has screwed the world, WORSE than Jimmy(the peanut) Carter did. Jimmy is smiling now that he is no longer the worse president in the history of the US. I pity the guy who wins the 2016 election for America is going to be FAR WORSE than what the muslim homosexual president in office now, inherited.

Wall Street set for another sparkling start

Analysts said the expectation that China's policymakers will take further action to support the economy and prevent a sharp slowdown could help explain the positive tone in global markets.
In the U.S., traders are expected to eye the Job Openings and Labor Turnover Survey (JOLTS) at 10 a.m. ET for further clues on the health of the labor market.

Anyone know why the stock markets were up yesterday? I can only surmise that the FED injected more dollars into it, to prop up this 2 bit dictator. If the market tanks(and it will) while Barack Hussein Obama is still in office, it will once again, prove that liberals have no clue on how to run a country, except into the ground. So 94 million people are out of the labor force, yet the unemployment rate shows 5.1%, China is in a freefall, and the libs are hoping that China will print money enough to stimulate their economy, which has failed here. Such stupid people who continually vote Dumbocrat and expect something different each time. Stupid is as stupid votes.

 

[william the wie]

The market is up and will go up further because the US is the ultimate safe haven because it is the only country no longer using QE and is planning on a rate hike.

 

[Mikeoxenormous]

The market is up and will go up further because the US is the ultimate safe haven because it is the only country no longer using QE and is planning on a rate hike.

DJ Industrial Average quote and summary -- MSN Money

DOW

US Markets Close In1 hr 55 min


▼
16,389.50
-103.18
-0.63%

The economy is recovering, the economy is recovering, the economy is recovering. There it was said 3 times, so it must be true, yet once again, YOU are wrong. You say that the ultimate safe haven is the U.S. but why? Did you know that the DOW is down over 1200 points in the last month and down today another -103? Liberalism is all about FAILURE, the more they do the more they fail. History is all about liberalism and failure. You just need to study it to understand why it DOES FAIL.

 

[Mikeoxenormous]

US stocks eye higher open amid volatility

Traders will look past economic reports Thursday and the normal triggers of market movements to see if conditions stabilize, creating an environment where the Fed would be more comfortable hiking rates for the first time in more than nine years.
On the data front, Thursday will see the release of initial jobless claims at 8:30am ET; wholesale trade data for July will be released at 10:00am ET.

Did you know that with the low interest rates, Apple Inc, borrowed 5 billion dollars to reinvest in its own company, making that stock price go up? Many of these companies have done the same, yet the everyday Joe, hasn't bought into the artificial inflation of stocks, which is why there is so much volatility in the market. Last jobs report , the estimate was missed by -100,000 so this administration will revise that up , and this report will be less, but still not meeting expectations, and the lickspittle, lapdog media will candy coat the news as the economy is getting better because the damage was "NOT AS BAD". It has been this way since the messiah took office. But what do you expect from a Sociopath, that lies every time he opens his mouth.

 

[Mikeoxenormous]

HP says it will cut up to 30,000 jobs

The total job cuts planned by the company as part of Whitman's multi-year restructuring plan was 55,000 as of October last year. HP had more than 300,000 employees as of Oct. 31, 2014.

There are several signs about an economic recovery and that is that gas prices start to rise, because more people are heading to work, which in turn brings more money home. Those hard working people need to go out and buy electronic computers and printers because when you are successful at working, products to make life easier become more affordable. But since 55,000 are going to be CUT, this is just more indication that the economy is hemorrhaging, and the DOL will say that the unemployment rate either held at 5.1 or dropped to 5.0%. Liberalism is all about equality, everyone must be equally poor and equally miserable, except the liberal elites like Warren Buffet, Bill Gates, Al Gore, Bill Clinton and Barack Hussein Obama, who have their millions and billions, from out tax dollars.

 

[Mikeoxenormous]

Stocks waver, yields fall as Fed leaves rates unchanged

Stocks waver, yields fall as Fed leaves rates unchanged

So Janet Yellow once again shows how spineless she is in the anemic economic recovery. I have records showing that 4 years ago, when she was appointed, she said that if unemployment gets down under 7% she would start raising rates because this shows the economy recovering. The rate is now at 5.1% and she still wont raise rates. She knows that the liberal elites like Bill Gates, Warren Buffet, George Soros and other million/billionaires are going to squeeze more money out of US by borrowing it at 0% get their stocks to go up and then sell when the market tanks. Problem with this is the common person isn't being fooled, so they aren't buying up junk, not buying goods and services, and this will eventually lead us into the 25 year depression. By then Janet can raise the rates all she wants for it will be too late.

 

[Mikeoxenormous]

Xi Gives America Inc. a Reality Check

The progressive souring of corporate America on China may turn out to be more destabilizing for relations between the world’s two largest economies than even military tensions bubbling in East Asia.

Yet you can bet that the liberal lickspittle lapdog media wont put too much out on this , for it will make the stock market fall like a ton of bricks.

 

[william the wie]

You do realize you are predicting the past and present?

 

[Mikeoxenormous]

You do realize you are predicting the past and present?

You do realize that when people forget, or not study the past, then the past has a tendency to repeat itself? We have seen what sub prime mortgages have done to the economy. We have seen what happens when people borrow obscene amounts of money and inject it into the stock market. We know what happens to an economy when 94 million people are not looking for jobs. We know what happens when crops are affected because of a drought. In 1929 many of these factors dragged America into a 14 year depression, during that time, plenty of people had skills that enabled them to survive. Today, many people use their thumbs to play games on the electronic devices, and have no clue how to survive in the world. When(there is no more if) the next depression happens, many people are going to do what has happened in Ferguson, Baltimore and NYC, and this will happen all over American cities.

 

[james bond]

First, China has been manipulating the dollar, "stealing" US trade, jobs, and wages for decades. No secret there. The relationship has been what's less for the US means more for China. So what happens when China's economy starts to go downhill?

What has happened to China in 2015 is their stock market crash which followed the slowdown of Chinese manufacturing. The Chinese "guvmint" is trying to prop up their currency in order to soften the long awaited property market crash. This by selling mega amounts of US Treasuries and other paper (This has been going on for a couple of years, but China really outdid themselves). I think we're still waiting as many people who bought Chinese stocks on margin still have to pay. They can't afford a property market crash. Still, the yuan has fallen and this means the dollar is stronger and the US people will be buying more goods this holiday season. I think we've seen reports to this effect so far.

I wouldn't just focus on China. There's Europe, Japan, Russia and other countries involved, too. So far, the propping up by China continues and we hope for the best. We look at China because it's the world's second largest economy and they are US' largest creditor, so it behooves the US and Europe that China is able to have a soft landing.

 

[william the wie]

First, China has been manipulating the dollar, "stealing" US trade, jobs, and wages for decades. No secret there. The relationship has been what's less for the US means more for China. So what happens when China's economy starts to go downhill?

What has happened to China in 2015 is their stock market crash which followed the slowdown of Chinese manufacturing. The Chinese "guvmint" is trying to prop up their currency in order to soften the long awaited property market crash. This by selling mega amounts of US Treasuries and other paper (This has been going on for a couple of years, but China really outdid themselves). I think we're still waiting as many people who bought Chinese stocks on margin still have to pay. They can't afford a property market crash. Still, the yuan has fallen and this means the dollar is stronger and the US people will be buying more goods this holiday season. I think we've seen reports to this effect so far.

I wouldn't just focus on China. There's Europe, Japan, Russia and other countries involved, too. So far, the propping up by China continues and we hope for the best. We look at China because it's the world's second largest economy and they are US' largest creditor, so it behooves the US and Europe that China is able to have a soft landing.

There is little the US or even Europe can do about China's problems.
China has bad debt write-offs to do that may exceed world GDP.
Its labor force is shrinking .
And best of all the crash could be in the rearview mirror.
China is not salvageable by non-Chinese actors.