Well it's front page on the BBC Website, or was.Originally Posted by Husar
So It's clearly important in the Anglo-sphere, and that's really all that matters.
Re: Chinese markets are collapsing.
Well it's front page on the BBC Website, or was.
So It's clearly important in the Anglo-sphere, and that's really all that matters.
"If it wears trousers generally I don't pay attention."
[IMG]https://img197.imageshack.us/img197/4917/logoromans23pd.jpg[/IMG]
Re: Chinese markets are collapsing.
European markets went up but US markets dropped another 1.3% today.
Re: Chinese markets are collapsing.
Given the finite amount of space in a newspaper I would rather have news that is relevant to me, being part of the anglosphere.
I am quietly confident that other countries have news that is focussed on their local needs.
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Re: Chinese markets are collapsing.
A collapse in the markets of the world's second-largest economy matters to everyone.Given the finite amount of space in a newspaper I would rather have news that is relevant to me, being part of the anglosphere.
I am quietly confident that other countries have news that is focussed on their local needs.
"If it wears trousers generally I don't pay attention."
[IMG]https://img197.imageshack.us/img197/4917/logoromans23pd.jpg[/IMG]
Re: Chinese markets are collapsing.
Yes and no...
It is the second largest economy, but it is FAR from being the second largest stock interest market for people outside of China. Also, again, it was overvalued... People knew it was overvalued... It is expected to be overvalued.
What disrupts economy is when bubbles burst, this wasn't so much a "bubble" as a "oh my god look at that overblown economy, that's about to lose a lot".
Re: Chinese markets are collapsing.
Couple of things that makes this scary.
Since the Western banks tanked the market, China has been the "Engine that Could"; growth and demand in China has helped float the world economy's boat.
China has told people to relax, figuring on 7% growth this year. Outside analysts have downplayed that figure, saying 4-5% is more likely.
No matter how low it goes, that slowdown reduces demand for resources which in turn constricts the economic growth potential of resource economies.
How bad the downturn actually becomes is an open question; China's economic data is pretty opaque, so if there is a train wreck in the offing, we will have no clue until we are sorting the rubbish.
On the other hand...
Ja-mata TosaInu
Re: Chinese markets are collapsing.
I don't suppose this has happened on this scale before?
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Re: Chinese markets are collapsing.
Depends on what you mean...
There was this time in China when big swathes were all starving because of political decisions...
But as to the international stock market, this is a first. SHOCK, economies doesn't always trend up!!
It will of course affect us, but at the present level very little to miniscule.
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