China crash

[cottonpicken]

Been watching its market crash and didnt think it would get this bad if it gets down over fifty sixty percent going to try and get a few pennies in nothing stupid something for the kids in the long long time frame.

Anyone have thoughts?

[bucket]

Didn't this happen in 2008 in the states?


Somehow the market quietly returned to where it was and higher?

[furrowtickler]

China's problems may dwarf the U.S. Housing market crash dip of '08 - jmo

[ajl]

China is crashing despite heroic efforts on the part of the government and the PBOC which tells you that you can manipulate markets for a while but eventually it takes over. Quite different than the US in 2008.

[crusher]

How is it different?

[errolanderson]

The Greek situation pales as compared to the global impact of China's failing economy.

China stock markets have nearly wiped out 1/3 of their value since June 12th or more than 2 trillion dollars. And a lot of these investments were heavily leveraged.

[errolanderson]

A staggering fact . . . in the past three weeks, China's stock market losses are equal to about 15 times the annual GDP of Greece.

[JACKFLASH]

Errol where is the bottom and where is the China govt in this.

[Hopperbin]

Chinese stocks are up 14 percent so far this year. Crash or correction?

[errolanderson]

China may have devalue their renminbi currency. But this will ignite a further trade imbalance.
Outcome not good as 2015 rally was supported heavily by bad credit policy.