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re: Massive hack underway? NYSE, United, ???
Posted on 7/8/15 at 12:45 pm to mizzoukills
Posted on 7/8/15 at 12:45 pm to mizzoukills
quote:
With news coming out of China about an impending 1929 type market crash...I wouldn't be surprised if this is all linked somehow.
This is EXACTLY what I first thought, and that scares me that you thought it too. Am I also fricked up?
Back on track. China lost the equivalent of $3.5 TRILLION recently in their market. Their banks are trying to buyback a bunch of stocks/bonds, but only to the tune of $19 Billion. They are spinning out of control downwards.
1
Posted on 7/8/15 at 12:47 pm to mizzoukills
quote:
With news coming out of China about an impending 1929 type market crash...I wouldn't be surprised if this is all linked somehow.
The Chinese stock bubble has been in the news for a couple of months now you know.
Posted on 7/8/15 at 1:03 pm to FleshEatingSalsa
tachyons
Posted on 7/8/15 at 1:13 pm to Duke
If the Chinese economy tanks, what impact could it have on the huge amount of debt we owe them? Could they call some of it in?
Posted on 7/8/15 at 1:18 pm to Old Sarge
It's two things,
1. We are actively under attack by China as a reactionary counter measure to their economy collapsing.
2. The Stock Market had the plug pulled as a defensive measure to prevent a stock crash.
Now we wait and see if we are going to kick all hell out of China.
My money is on Obama goes golfing and nothing happens.
1. We are actively under attack by China as a reactionary counter measure to their economy collapsing.
2. The Stock Market had the plug pulled as a defensive measure to prevent a stock crash.
Now we wait and see if we are going to kick all hell out of China.
My money is on Obama goes golfing and nothing happens.
Posted on 7/8/15 at 1:28 pm to Old Sarge
I'm not in finance or an economist, so I can't offer you a complete explaination. I can offer you my somewhat educated opinion.
The debt they hold in bonds and treasury notes are worth far more to them as collateral for financing. We're the safest debt in the game and they can use that to help finance any emergency measures. Why would they call it in and risk an global economic squeeze when they too are fighting a slowing economy?
China is in a transition from an export economy to a consumer based one. The equity bubble there is just another growing pain in a difficult transition. The good news is the stock market there isn't as significant of a portion of the economy as it is here. The crash shouldn't cause global economic catastrophe and shouldn't throw China into a deep recession. That being said, it's hard to know how everything is interconnected and I could of course be quite wrong about that.
The debt they hold in bonds and treasury notes are worth far more to them as collateral for financing. We're the safest debt in the game and they can use that to help finance any emergency measures. Why would they call it in and risk an global economic squeeze when they too are fighting a slowing economy?
China is in a transition from an export economy to a consumer based one. The equity bubble there is just another growing pain in a difficult transition. The good news is the stock market there isn't as significant of a portion of the economy as it is here. The crash shouldn't cause global economic catastrophe and shouldn't throw China into a deep recession. That being said, it's hard to know how everything is interconnected and I could of course be quite wrong about that.
Posted on 7/8/15 at 1:36 pm to Old Sarge
They own only 7% of our debt, we own over 60%. If all foreign nations called in their debt, it could be pretty bad but there is little chance that would happen. Duke is right, we are still the best economy to have money tied up in.
Posted on 7/8/15 at 1:40 pm to FleshEatingSalsa
Posted on 7/8/15 at 1:40 pm to Duke
To hurt Japan.
Posted on 7/8/15 at 1:47 pm to Tropic Lightning
So the ruling party would shoot their own economy in the foot and erode their credibility with their own citizens to hurt Japan?
It doesn't make sense.
It doesn't make sense.
Posted on 7/8/15 at 1:49 pm to Duke
It doesn't make sense to you because your not Chinese. =)
Posted on 7/8/15 at 2:16 pm to Tropic Lightning
How do you know I'm not Chinese?
People in power and wealth want to keep their power and wealth. They aren't going to risk that to frick with Japan.
People in power and wealth want to keep their power and wealth. They aren't going to risk that to frick with Japan.
Posted on 7/8/15 at 2:30 pm to Duke
I'm kinda hoping for a market crash, I got some cash that's burning a hole in my pocket and I like discounted stocks 
Posted on 7/8/15 at 2:36 pm to FleshEatingSalsa
The Hackening?
This post was edited on 7/8/15 at 2:38 pm
Posted on 7/8/15 at 2:38 pm to Vols&Shaft83
It would be nice to be liquid right now.
Asian futures are a bloodbath last I looked. The fear is starting to spread.
Asian futures are a bloodbath last I looked. The fear is starting to spread.
Posted on 7/8/15 at 3:38 pm to Duke
quote:
Asian futures are a bloodbath last I looked. The fear is starting to spread.
I stay away from futures, I let LSURussian deal with that foolishness.
Posted on 7/8/15 at 3:47 pm to Vols&Shaft83
Yeah, futures are way above my paygrade. Just a gauge of sentiment for me.
Posted on 7/8/15 at 4:18 pm to Duke
I've got some cash loose and free, I'm just not market savy enough to know where to put it when the dust settles.
Posted on 7/8/15 at 4:21 pm to FleshEatingSalsa
We've been under cyber attack for years fwiw.
Posted on 7/8/15 at 4:23 pm to CockInYourEar
quote:
Back on track. China lost the equivalent of $3.5 TRILLION recently in their market. Their banks are trying to buyback a bunch of stocks/bonds, but only to the tune of $19 Billion. They are spinning out of control downwards.
Article from The Economist
quote:
The trigger in China’s case is perplexing. Yes, the stockmarket is down a third over the past month, but that has simply taken it back to March levels; it is still up 80% over the last year. Growth, though slowing, has stabilised recently. Other asset markets are performing well. Property, long in the doldrums, is turning up. Money-market rates are low and steady, suggesting calm in the banking sector. The anticipated correction of over-valued stocks hardly seems cause for much anguish.
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