LogicIsForSquares Posted July 8, 2015 Report Share Posted July 8, 2015 https://news.vice.com/article/chinas-stock-markets-are-collapsing-and-the-freak-out-could-get-worse?utm_source=vicenewsfb Due to globalization, this could really screw us up. Link to comment Share on other sites More sharing options...
calfoxwc Posted July 8, 2015 Report Share Posted July 8, 2015 ....headed for big, serious trouble. Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 8, 2015 Author Report Share Posted July 8, 2015 The upside is that hopefully this shows the vulnerability of Chinese markets and we see more investment in American companies. Link to comment Share on other sites More sharing options...
StinkHole Posted July 8, 2015 Report Share Posted July 8, 2015 Fuck. Cant go through what happened in '08 again. Wall Street was shut down today a couple of hours due to a computer glitch. I wonder if there really was a computer glitch. Link to comment Share on other sites More sharing options...
gftChris Posted July 9, 2015 Report Share Posted July 9, 2015 I suspect that it won't impact too negatively in the US because the USD is essentially the reserve currency in China. The flight to safety will mean a strengthening of the USD, meaning that, because you're essentially a net importer, you won't see much of a downturn. Potentially the manufacturing industry will be impacted, but only by exports, and since that's not quite such a high driver of markets there, it won't be such a big impact. Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 9, 2015 Author Report Share Posted July 9, 2015 I suspect that it won't impact too negatively in the US because the USD is essentially the reserve currency in China. The flight to safety will mean a strengthening of the USD, meaning that, because you're essentially a net importer, you won't see much of a downturn. Potentially the manufacturing industry will be impacted, but only by exports, and since that's not quite such a high driver of markets there, it won't be such a big impact. So I should step back out of the window sill? Link to comment Share on other sites More sharing options...
DieHardBrownsFan Posted July 9, 2015 Report Share Posted July 9, 2015 It is inevitable for the Chinese Bubble economy to burst. Not unlike the Japanese economy did. Wages are increasing rapidly as the Chinese get used to the cushy western life styles. I think there will definitely be BIG SERIOUS TROUBLE in the near future. Link to comment Share on other sites More sharing options...
DieHardBrownsFan Posted July 9, 2015 Report Share Posted July 9, 2015 Fuck. Cant go through what happened in '08 again. Wall Street was shut down today a couple of hours due to a computer glitch. I wonder if there really was a computer glitch. You mean the one that also affected United Airlines and the Wall Street Journal. The one Homeland Security said there 'was no evidence of malicious intent'? Sure, we trust Homeland Security...... Link to comment Share on other sites More sharing options...
StinkHole Posted July 9, 2015 Report Share Posted July 9, 2015 I suspect that it won't impact too negatively in the US because the USD is essentially the reserve currency in China. The flight to safety will mean a strengthening of the USD, meaning that, because you're essentially a net importer, you won't see much of a downturn. Potentially the manufacturing industry will be impacted, but only by exports, and since that's not quite such a high driver of markets there, it won't be such a big impact. Yay Chris! I enjoyed reading your post for a change! Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 9, 2015 Author Report Share Posted July 9, 2015 You mean the one that also affected United Airlines and the Wall Street Journal. The one Homeland Security said there 'was no evidence of malicious intent'? Sure, we trust Homeland Security...... I think I heard they stopped the subway in NYC briefly during all of that. Link to comment Share on other sites More sharing options...
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