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Forget USA And Europe For A Moment, China Is Crashing!!!
China’s Economy Slows for 11th Month!
Asian shares extended losses on Thursday after data indicated little respite for Chinese manufacturers, suggesting growth in the world’s second-largest economy slowed further in the third quarter.
‘Synchronized recession’ that’s a fucking PC way of saying ‘global depression’. You have to love the optimism of the average American, go to WalMart and watch the welfare trash of every color just spend, spend, spend.
Meanwhile, producers, like myself, my parents, my wife, my friends, ranchers, business owners, medical professionals, and the people that keep this ship afloat are being burdened with more taxes and redistribution bullshit.
You know, fuck Romney and Obama, I call for a vote of no confidence.
When China
stalls and spins, the shit will officially hit the fan.
Jim Chanos: China is a roach motel… Get out now
Investors holding Chinese equities should sell now, and those considering entering the Asian giant’s stock markets hoping recovery will bring up share prices should stay away, said Jim Chanos, a hedge fund manager at Kynikos Associates.
The Chinese economy is deteriorating, and Beijing might take steps to make it appear otherwise via monetary policy measures like cutting interest rates or reserve requirements, but those who are caught in equities markets wishing to leave will find no buyers.
“It’s destined to suck Western capital into the country and have it never go out,” Chanos told CNBC.
“You’re almost in a classic emerging market roach motel, except it’s a really big one in that it’s very difficult to earn adequate returns for capital and get your capital back as a Western investor.”
