In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
China Stock slides again 8%, Europe follows
serf
Member Posts: 9,217 ✭✭✭✭
Looks like a new recession is coming big time! I bet The Feds will throw some more free stimulus in December not raise interest rates! Where's Ben with The helicopter at.[:D]
serf
http://www.reuters.com/article/2015/07/27/us-markets-global-idUSKCN0Q100M20150727
Traders and investors said that was all rooted in broader concerns over global growth midway through the corporate results reason and following a poor economic reading out of China late last week.
Wall Street was also expected to open more than half a percent lower.
"This really has its roots in nervousness that began in the U.S. at the end of last week," said Andy Sullivan, a portfolio manager with Swiss investment firm GL Financial Group.
serf
http://www.reuters.com/article/2015/07/27/us-markets-global-idUSKCN0Q100M20150727
Traders and investors said that was all rooted in broader concerns over global growth midway through the corporate results reason and following a poor economic reading out of China late last week.
Wall Street was also expected to open more than half a percent lower.
"This really has its roots in nervousness that began in the U.S. at the end of last week," said Andy Sullivan, a portfolio manager with Swiss investment firm GL Financial Group.
Comments
Looks like a new recession is coming big time! I bet The Feds will throw some more free stimulus in December not raise interest rates! Where's Ben with The helicopter at.[:D]
serf
http://www.reuters.com/article/2015/07/27/us-markets-global-idUSKCN0Q100M20150727
Traders and investors said that was all rooted in broader concerns over global growth midway through the corporate results reason and following a poor economic reading out of China late last week.
Wall Street was also expected to open more than half a percent lower.
"This really has its roots in nervousness that began in the U.S. at the end of last week," said Andy Sullivan, a portfolio manager with Swiss investment firm GL Financial Group.
Another porkulous bill will never get thru congress, especially the house.
quote:Originally posted by serf
Looks like a new recession is coming big time! I bet The Feds will throw some more free stimulus in December not raise interest rates! Where's Ben with The helicopter at.[:D]
serf
http://www.reuters.com/article/2015/07/27/us-markets-global-idUSKCN0Q100M20150727
Traders and investors said that was all rooted in broader concerns over global growth midway through the corporate results reason and following a poor economic reading out of China late last week.
Wall Street was also expected to open more than half a percent lower.
"This really has its roots in nervousness that began in the U.S. at the end of last week," said Andy Sullivan, a portfolio manager with Swiss investment firm GL Financial Group.
Another porkulous bill will never get thru congress, especially the house.
The Federal reserve does not answer to congress,they gave up controlling and creating money in 1913!
The oligarchic Republic henchmen do and it's a ponzi scheme riddle across the world with derivatives. China is no doubt a big player with their Scheme. 2007-08 recession was just a warm up exercise!
serf
http://www.let.rug.nl/usa/essays/general/a-brief-history-of-central-banking/federal-reserve-act-(1913).php
What eventually emerged was the Federal Reserve Act, also known at the time as the Currency Bill, or the Owen-Glass Act. The bill called for a system of eight to twelve mostly autonomous regional Reserve Banks that would be owned by commerical banks and whose actions would be coordinated by a committee appointed by the President. The Federal Reserve System would then become a privately owned banking system that was operated in the public interest. Bankers would run the twelve Banks, but those Banks would be supervised and by the Federal Reserve Board whose members included the Secretary of the Treasury, the Comptroller of the Currency, and other officials appointed by the President to represent public interests.
I guess it just goes to show that even when selling dummies billions of dollars in crappy goods doesn't alone make for a good economy.
When the majority of Chinese live like the minority they would be a economic force to recon with. Imagine the sheer number of cell phones those peasant farmers would lose in the rice fields