I was talking to my son in Australia last night about the effects the Chinese economy is having on his oil company business in Australia. Its pretty catstrophic, it would seem. We are told The US economy is strong, but the oil business is very weak. We love the oil and gas prices, but it must be decimating our oil business and associated industries as the price is pretty uneconomic except for the very largest to survive. But we hear nothing about this, I think because we are not being told the whole story about our economy, because the politicians are all electioneering. I fear our world might just collapse the moment the election is compete. Just like 8 years ago. I do not believe US can be isolated from what appears to me to be a collapse in the Chinese economy. What do you think?
so goes down the the china dragon in flames, so goes the one$ that train it FEED it and rides it down on that NWO pyramid collapsing path
The Chinese economy is not collapsing, but it is not as healthy as it once was. And this is not news since the recent downturn in our (U.S.) stock market reflects the problems in China. As for oil and gas prices, the current price of both is one reason for limited development in the Arctic - that is, it's expensive and with the prices where they are now, and drillers shutting down wells all over the place (and not drilling for any more), there's not much point in it. Yet. Our economy is not hurting too bad because of our diversity. Other countries, especially those heavily dependent on oil/gas revenues are the ones taking a bath.
Our trade deficit with china is so one-sided, a downturn in their economy will have far less of an effect on us as it does on such as Australia and other commodity exporting countries. Our markets have been inflated for some time, due to Obama's currency-bubble economy. When that decides to shake-out, you will see a major drop in our markets and economy.
China is a diverse economy, meaning that some regions can grow while others stagnate. On top of that, their economic data is fake (more overtly fake than US, European, and Japanese gov't reported data) so it's not clear how they're doing. However it's hard to say that their is much global growth going on right now considering the collapse in commodity prices as you basically mentioned. For a while the meme here will be "The US is the cleanist dirty shirt". I guess that stubborn opinion can last until our stock market falls and/or the US has energy related bankruptcies.
so the dive was Shanghai Composite-2.59% Opens in 3h 30m from now http://www.theguardian.com/business...ter-record-94bn-fall-in-central-bank-reserves
We are told the US economy is recovering thanks to the efforts of the Fed. BS Since 2008, US Federal debt has doubled from US$9 trillion to US$18 trillion. That additional US$9 trillion went into the economy and was registered as GDP growth. Here’s some basic math. Timeframe: Seven years (2008 to 2015) Additional US Federal debt: US$9 trillion US GDP (average over past seven years): US$16 trillion Since the GFC, US GDP growth has wandered between 0% and 4%. Let’s be generous and say average GDP growth has been 3%. You can see that the average annual debt accumulation works out to US$1.4 trillion ($9 trillion divided by seven). In the meantime average annual GDP growth was US$480 billion ($16 trillion x 3%). The US government has borrowed an average of $1.4 trillion per year to move the GDP needle by $480 billion. Strip out the government debt (funded largely by QE) and the US economy would have contracted by around US$1 trillion every year. That’s negative 6%. The US recovery is a fraud. GDP growth is a fraud. US prosperity is a fraud. It has all been built with a legacy of US$200 trillion of global debt. No one questions the composition of the official data. They just take it on face value. I doubt the journalist who wrote the news.com.au article has actually joined the bigger picture dots. Take away the ‘borrow to boost GDP’ smoke and mirrors trick and there is absolutely no doubt we are in a global depression....... This is what the world is finally beginning to wake up to..... I live in Australia and I hope no-one thinks for one second that this is not a world wide depression on our doorstep....China IS collapsing and no country will be spared....US included....
any prediction for the Shanghai Composite stocks i see futures are down a lot now 3,080.42 -80.46 -2.55% http://liveindex.org/shanghai-composite/
As they say in the classics....no-one goes bankrupt overnight....its ten dollars here.... fifty dollars there...maybe a hundred tomorrow.....and then it hits the fan.... I think if theres no support at 3000 it will drop pretty quick.....
next support level looks to be 2300 after the crash through the 3,000 [video=youtube;auqOt5T4PvQ]https://www.youtube.com/watch?v=auqOt5T4PvQ[/video]
but isnt this just a 7 year NORMAL drop cycle video time 1:05 [video=youtube;1z3JVjRg_IE]https://www.youtube.com/watch?v=1z3JVjRg_IE[/video]
Well if its a Shemitah...batten down the hatches.... I think its worse than that because its world wide.... You cant say its just a shemitah...and hope that we recover.... This is WWIII being fought as a currency war...it has begun already....
true the china stock market hasn't been around that long 1992 and it was insignificant for a decade or 2 and those 7 year cycles are not a good pattern to go by anymore
