World markets plunge as sell off continues

[Vassnti]

Since we have history to guide us, the impact of the shit hitting the fan will be much less.

Lol and despite the history greed and propoganda take over.
People who have been saying China is in trouble for the last year have been called idiots and told China is different the market is never going down.

Opps guess we were right, oil headed for US 30 markets tanking and the eternal rise of the Chinese economy is on its last legs

 

[Makaramarma]

Lol and despite the history greed and propoganda take over.
People who have been saying China is in trouble for the last year have been called idiots and told China is different the market is never going down.

Opps guess we were right, oil headed for US 30 markets tanking and the eternal rise of the Chinese economy is on its last legs

US did not collapse after the great Depression and neither will China. However some correction is in order.

 

[Star Wars]

US did not collapse after the great Depression and neither will China. However some correction is in order.

Wait, it will get as bad as the great depression ?

 

[Makaramarma]

Wait, it will get as bad as the great depression ?

No, the global economy is more integrated now and much better understood. Besides we have global organizations like WTO, IMF, World Bank, G 20, BRICS etc to regulate global economy now days.

Not to mention a more wider and inclusive global economy.

 

[Rau]

Our @ss is save BECAUSE of Modi and his terrific Leadership. He is just the man the GLOBAL Economy needs.

With MSS, we would have sunk with the rest of the word.

The ONLY step Modi can take in such a scenario is invite foreign investments into India and boost the Internal economy of India. Only people grudge him for taking "too many foreign trips"



For the moment, Yes. Weaker Rupee is now in alignment with cheaper Oil. So the Impact of rupee devaluation is Minimal and at the same time it will boost Exports and improve our Balance of Trade.

You forget about RBI governor Raghuram Rajan he is best man we have to handle such situation.He warned the world even before currency war started also stated that situation might worsen than great depression.
India’s Central Bank is Worried Competitive Devaluations Could Trample Emerging Economies
G20 reversal means Raghuram Rajan is last man standing in wild west-style currency war

Todays news...
Rajan says ready to use FX reserves as Sensex tumbles

 

[Makaramarma]

You forget about RBI governor Raghuram Rajan he is best man we have to handle such situation.He warned the world even before currency war started also stated that situation might worsen than great depression.
India’s Central Bank is Worried Competitive Devaluations Could Trample Emerging Economies
G20 reversal means Raghuram Rajan is last man standing in wild west-style currency war

He only stated the obvious.

When an earthquake strikes and the buildings around you falls, what can the building superintendent do to save his building ? Nothing. ...... just pray that the foundation is strong.

 

[kawaraj]

Fed Likely to Hold Off on September Rate Increase: Business Economists Survey - WSJ

The chance would be slim is the current market condition sustains.

 

[Styx]

The chance would be slim is the current market condition sustains.

0 chance for a US rate hike now

 

[kawaraj]

No, the global economy is more integrated now and much better understood. Besides we have global organizations like WTO, IMF, World Bank, G 20, BRICS etc to regulate global economy now days.

Not to mention a more wider and inclusive global economy.

Almost right exept that WTO, IMF and World Bank are trapped in inability area. G20 is too loose to implement remedies to the current crisis.

 

[Makaramarma]

Almost right exept that WTO, IMF and World Bank are trapped in inability area. G20 is too loose to implement remedies to the current crisis.

WTO, IMF and WB are just different tools of the US govt. End of the day the only regulator of Global Economy is the US govt. Everything else is just a mirage.

That is why the RMB is pegged to the USD.

 

[kawaraj]

Seems to be a lot of concern about the health of China and commodities prices, which a lot of nations ranging from Russia to Norway, Saudi Arabia and Venezuela have exposure too - it's not just oil and gas either, copper is hitting Australia bad.

Japan's stocks? Down:

Japan’s Topix Heads for Correction as Shanghai Leads World Rout - Bloomberg Business

China's? Completely erased 2015 gains:

China Stocks Erase 2015 Gain as State Support Fails to Stop Rout - Bloomberg Business

Expect US and European markets to continue this trend.

Market weakness drives commodities lower, helping to perpetuate the cycle:

Brent and U.S. oil mark fresh 6-1/2-year lows on China and oversupply| Reuters

Buckle up folks, this ride's bumpy!

This is crazy the Chinese market just lose 20 percent in just last 10 days....

I wonder what their corrupted and lazy central bankers and SEC officials are doing..... any Chinese members tell us?

 

[unbiasedopinion]

Indian market dip is only temporary.

Hope so, I lost 30K in just 2 hours...

This is crazy the Chinese market just lose 20 percent in just last 10 days....

I wonder what their corrupted and lazy central bankers and SEC officials are doing..... any Chinese members tell us?

This is not the corruption, this is how the US try to show mirage to others. US let China believes that they have the control, but ultimately its US which controls the global finances. US can bring down the global market targeting to a particular country. Once the target country is economically defeated, the US goal is achieved and they start pumping more money into the their own economy.

 

[Viper0011.]

This is crazy the Chinese market just lose 20 percent in just last 10 days....

I wonder what their corrupted and lazy central bankers and SEC officials are doing..... any Chinese members tell us?

No one's saying anything or doing corruption. Every time there are fears of any event interrupting the global trade, the markets will tumble. Like the old and wise American guy once said "its time to buy more stocks"...so buy it while it cheaper. And that old, wise American guy was.....ME!!

 

[kawaraj]

Hope so, I lost 30K in just 2 hours...


This is not the corruption, this is how the US try to show mirage to others. US let China believes that they have the control, but ultimately its US which controls the global finances. US can bring down the global market targeting to a particular country. Once the target country is economically defeated, the US goal is achieved and they start pumping more money into the their own economy.

I heard rumors the US has its deputies in all other foreign central banks or securities regulators（5th columns) to contral world finance to suit for US needs. Quite true it seems.

 

[cloud_9]

Looks like China is going to screw a lot of Investors and still they want to pump more into the deflated balloon.

Without the economic growth,the markets were just inflated and the domino effect is auto correcting the markets.