Earlier quoted context omitted.
"A foreigner". Why do you care where they were born? If where someone was born is so important to you, why not extend it down to the state level and only let people buy in the state in which they are issued papers from? This is indeed thinly veiled nationalism/racism. In a properly functioning society, you should have no real idea how the domestic money was obtained, either. It's none of your business as a seller.
Is nationalism a bad thing? (Required reading is much appreciated.)
China’s Market Rout Is a Double Threat
51–60 of 86 posts
Re: China’s Market Rout Is a Double Threat
#52China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…
People have been predicting 'The coming collapse of China' (https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China) for well over a decade now, and the world is still waiting with bated breath.
I mean a stopped clock will still be correct at least twice a day so I'm sure the naysayers will be correct eventually too.
Anyway, I doubt China will suffer massive internal unrest, because those dictators aren't as dictatorial as you might believe and because most of the Chinese population generally support their government, at least in principle, and see instances of abuse and corruption as 'bad apples' spoiling the bunch rather than any sort of problem with the system or government itself.
Re: China’s Market Rout Is a Double Threat
#53China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…
Why do people continue to use aggregate debt (including domestic bond debt and outstanding liabilities) to present GDP ratio as though it is a meaningful harbinger?
Any non-superficial analysis of what that entails and means should show you this is - while not entirely irrelevant - mostly meaningless as an indicator of economic health.
Re: China’s Market Rout Is a Double Threat
#54Earlier quoted context omitted.
I think there's a ton of economic incentive for the rich to leave China and move to the US. In fact, I'd argue it's happening now already, regardless of the performance of the Chinese economy. Some observations: - The luxury goods that the rich in China are looking for are much cheaper here in US. The international students I know at school go on insane shopping sprees at the Apple/Sony/Microsoft stores since how "ch…
I don't think anyone will respond out of fear of being labeled a -------? I will only comment on buying realestate in the U.S.? I believe realestate should only be bought by U.S. citizens. Right now all a foreigner needs is a individual tax number, and money. We have no real idea how that foreign money was obtained? Or, who cares? http://www.zillow.com/intl/en/foreign-buyers-guide/
On the contrary, I think that any foreigner being able to buy real estate in the US is a big plus for the country. Think about it, real estate is one of the few things that can never be exported. When foreigners buy in the US, they're divesting money from other possible expenditures in their home country to be invested for a long time in America. This in turn improves the value of real estate, generates jobs on construction, agents, plus local fees, and so many other things that will end up in American pockets. If anything else I would make it easier to sell real estate to internationals.
Re: China’s Market Rout Is a Double Threat
#55China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…
many shocking claims in the post, "deep trouble", "has already burst", "collapses", " permanent decline", "inevitably suffer", "massive internal unrest", "has really screwed up", ...
This assertiveness on something so complex is not productive and helpful.
Re: China’s Market Rout Is a Double Threat
#56Anti-China hyperbole. Every pseudo-economist-nerve of mine tells me that one day China inevitably will crash and when it happens it will hurt us all. But please, enough with the nitpicking in search of ideology affirmation. Why this is not the crash everybody's waiting for? It's a stock market that is about to crash-out it's volume that was gathered just months prior. Not enough time for most of the worlds shareholde…
Every crisis starts in the same way: it is called a bubble because everybody thinks that things are going so well, and they will probably continue the same for a long time. I think China investors are in this complacency bubble, and they are probably coming to a rough awakening.
Re: China’s Market Rout Is a Double Threat
#57China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…
Why do people continue to use aggregate debt (including domestic bond debt and outstanding liabilities) to present GDP ratio as though it is a meaningful harbinger? Any non-superficial analysis of what that entails and means should show you this is - while not entirely irrelevant - mostly meaningless as an indicator of economic health.
Non-sarcastic question, what are the indicators that you don't find mostly meaningless when it comes to analyzing China?
Re: China’s Market Rout Is a Double Threat
#58Earlier quoted context omitted.
It's lost 30% of its value, was that to be expected? Are you saying it won't fall any further? To me, it seems that you are glossing over a large stock market crash. Talking about it being 'to be expected' is a nonsense. If the market is so predictable, kindly enlighten us about what happens next, rather than being wise in hindsight.
They call them corrections for a reason. Extreme moves in one direction increase the likelihood of extreme moves in the opposite direction. You can chart volatility just like you can chart the price. Volatility is high right now. Corrections are not the same as crashes that wipe out 20 or 30 years of gains. The index is still up for the year. It is very disturbing that the govt. rushes in to attack short sellers and…
It's definitely not a "correction" for the poor schmucks who put down their life savings on margin into equities last month.
Re: China’s Market Rout Is a Double Threat
#59Western media has a tendency to see China through a pair of gloomy glasses, and thus often are so certain that next Tuesday is China's doomsday.
Here are ALL the headlines (contains the word "China" ) from Yahoo News in the last 3 days. 12 out of 13 have negative words in the headline:
-------------------
Xi Jinping has run into the one thing in China he __can’t control__
China's Boom Has World Bank __Worried__
The South China Sea is now a 'core interest' of Beijing — and that's a __problem__ for its neighbors
China’s __aggressive__ posture toward the South China Sea has been __stirring tensions__ in the...
China hunts for "manipulators" as stocks __tumble__
Is ‘China in Africa’ something to __fear__?
China __angered__ by new U.S. military strategy report
China says tourists __attacked__ in Turkey during __anti-China protests__
China Has World’s Fastest Trains, U.S. Lags
China’s __insatiable appetite__ for power
Zeroing in on __empty homes__, China throws developers a lifeline
S. Korean official falls to __death__ in China
China's __Unsettling Stock Market __Collapse__
-------------------
I wanted to record the headlines for a month, produce a fancy chart and demonstrate how extreme and rampant the bias is, but I keep forgetting about doing it. Besides, it's probably well known that most media outlets from any country (including the USA) are shit, so why beat a dead horse? Before you shout "foul", I agree we can debate all day on whether a particular word really has negative connotation. Oh, China's media outlets are shit too, even shittier.
As long as we get information from as many diverse sources as possible, we should be fine. The problem is majority of folks has been fed biased information since childhood, and once a system of beliefs and images is established it's nearly impossible to shake it off.
Re: China’s Market Rout Is a Double Threat
#60China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…
People have been predicting 'The coming collapse of China' ( https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China ) for well over a decade now, and the world is still waiting with bated breath. I mean a stopped clock will still be correct at least twice a day so I'm sure the naysayers will be correct eventually too. Anyway, I doubt China will suffer massive internal unrest, because those dictators aren't as dic…
In fairness, the tacit Sino-American currency union has propped up Chinese industry since the Nixon Era. Predicting that the U.S. would eventually fatigue of this arrangement wasn't totally insane. Those folks just didn't appreciate that the U.S. and China were going to keep trucking along until China's population was well and truly urbanized. China just cracked the 50% urbanization ratio in the last couple of years, so who knows if the government there will remain motivated to drag peasants into the cities, or not.