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TheCountOfNowhere

Black Monday 4Th Jan 2016

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Happy new year one and all

http://news.sky.com/story/1616194/chinese-stock-markets-shut-after-shares-plunge

Chinese Stock Markets Shut After Shares Plunge

"after shares plunged by about 7%."

The Chinese stock market is a bizarre, murky ponzi. The government encouraged the public to invest life savings in shares just as property started to drop. They have also tried to prop the bubble with various measures but despite that the 150% gains in the last year are now all but lost.

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The Chinese stock market is a bizarre, murky ponzi. The government encouraged the public to invest life savings in shares just as property started to drop. They have also tried to prop the bubble with various measures but despite that the 150% gains in the last year are now all but lost.

Nothing like the UK/USA one then :D:D:D

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Nothing like the UK/USA one then :D:D:D

Sort of. I know where you are coming from.

Everything coming out of China appears to be a lie though.

At least our stats are relatively untweaked.

Our future liabilities and if theyll be paid ... thats another thing.

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Nothing like the UK one then :P :P :P

UK figures are spun to try and stretch out the good news.

The horrid figures are there for you to interpret.

For instance, the claims this morning's R4 business news about UK being the best performing economy.

It was if you count GDP.

Its not when, as the presenter said, you are getting 3% growth with an larger increase of debt.

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UK figures are spun to try and stretch out the good news.

The horrid figures are there for you to interpret.

For instance, the claims this morning's R4 business news about UK being the best performing economy.

It was if you count GDP.

Its not when, as the presenter said, you are getting 3% growth with an larger increase of debt.

Granted, the facts are there if you read through the B.S.

Not many do though.

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7% in one day is rather extreme yes ?

Don't follow these things too closely.

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Guest eight

7% in one day is rather extreme yes ?

Don't follow these things too closely.

Investors lose money on investment shocker. Real capitalism in action - not.

I bet they wouldn't close Ladbrokes if your acca was looking shaky.

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Investors lose money on investment shocker. Real capitalism in action - not.

I bet they wouldn't close Ladbrokes if your acca was looking shaky.

The only investment that always goes up is Buy To(i)let

:ph34r::ph34r::ph34r:

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Guest eight

The only investment that always goes up is Buy To(i)let

:ph34r::ph34r::ph34r:

Fill your boots!

Being a simpleton, I don't get the point of stock markets. At all. Why any company that's been around for more than a few years should still be publicly listed is beyond me. Do they not pay back any of their other borrowings either? Surely the first aim of a PLC should be to stop being a PLC, ASAP?

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7% in one day is rather extreme yes ?

Don't follow these things too closely.

Yeah, 7% is a biggie.

I wonder what it would have stopped at if the automatic shutdown hadn't occurred !!!

We'll find out when it reopens :lol::lol::lol:

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Fill your boots!

Being a simpleton, I don't get the point of stock markets. At all. Why any company that's been around for more than a few years should still be publicly listed is beyond me. Do they not pay back any of their other borrowings either? Surely the first aim of a PLC should be to stop being a PLC, ASAP?

IIRC the current stock market and the original stock market's main purpose has changed.

The original stock market was about companies getting access to funds so they could invest/grow.

The current stock markets been hijacked by the money men and is little more than a casino. I dont mind this expect when my own taxes, savings, income is being used to support it and government policy is directing ( soon to force ) people to hand money to the money men to bolster it.

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Guest eight

IIRC the current stock market and the original stock market's main purpose has changed.

The original stock market was about companies getting access to funds so they could invest/grow.

The current stock markets been hijacked by the money men and is little more than a casino. I dont mind this expect when my own taxes, savings, income is being used to support it and government policy is directing ( soon to force ) people to hand money to the money men to bolster it.

Well yeah, it's just another chance for the unproductive to leech off the productive.

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Yeah, 7% is a biggie.

I wonder what it would have stopped at if the automatic shutdown hadn't occurred !!!

We'll find out when it reopens :lol::lol::lol:

But will we ? If there is such a thing as a NY plunge protection team - and who the ****** knows - there mustsurely be one in China - but probably more 'extreme' ?

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But will we ? If there is such a thing as a NY plunge protection team - and who the ****** knows - there mustsurely be one in China - but probably more 'extreme' ?

Surely one state run plunge protection team is as extreme as any other.

Using tax payers funds/backing to interfere in any supposed free market is criminal IMHO

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FTSE down 2.01 % now.

It'll go back up now, wait and see :P

Had a chat to my man form London at the weekend.

it seems investors are not happy with their returns in 2015....it seems they expected their investments to go up ( even ) more, they were quite shocked to loose money. The post 2007 paradigm of never loosing seems to be baked in !!!

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Guest eight

You don't know nuffink. How else are you meant to get rid of an overvalued dog?

Well how it looks to me, as a genuine numpty, is that there is too much "money" chasing too little actual profit generating activity. But like you say, I don't know nuffink.

What I suspect will happen when the chinkies reopens is that there will be a surge as everybody piles in for a "bargain".

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The Chinese stock market is a bizarre, murky ponzi. The government encouraged the public to invest life savings in shares just as property started to drop. They have also tried to prop the bubble with various measures but despite that the 150% gains in the last year are now all but lost.

Yes, funny that. I had always thought they would push them into precious metals, which would be easier to prop up, more socially acceptable (than high property or commodities prices) and would have much more extreme growth potential. I guess the problem would be that gold would trade >$10,000 after a week, and >$50,000 after a month, and the Chinese government would be unimpressed since they are not done accumulating yet. Somehow, I think, it will still come at a large scale.

Edited by Silverfinger

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