[OT] China Poised to Bring Down the Global Economy
Oh dear, it looks like that article that stevie-girl quoted from The Economist was right. (British economists always get it right, after all.) Shanghai Composite was up over 2% last night putting it up close to 20% YTD now.
Also adding evidence to weakness of China is the fact that the CNY is one of the few currency in the world to hold its ground against the USD this year. They have even allowed the peg to the USD to steadily appreciate steadily since August.
I guess the Chinese must know that the financial media is right as always about how weak China is. Stevie-girl is right. China and Europe will bring down the rest of the world.
Also adding evidence to weakness of China is the fact that the CNY is one of the few currency in the world to hold its ground against the USD this year. They have even allowed the peg to the USD to steadily appreciate steadily since August.
I guess the Chinese must know that the financial media is right as always about how weak China is. Stevie-girl is right. China and Europe will bring down the rest of the world.
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Probably 'cause the Chinese are opening their markets to foreign investors.
These frikin dooms day naysayers are so annoying. Cost of living goes up over time so who cares what Stevie regurgitates, or some other hack who claims to have a pulse on economic activity. To think you know the behavior of millions and billions of people that effect the market is foolish, and I'm just as stupid debating those naysayers. Let 'em be wrong. They won't know it until the good times are over.
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How many people feel like I do that Articles should bump just like Discussions do now?
SJG
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