Jura The idiot
General
bro I think it works the other way around: our economies compete ... anyway, it looks they didn't drop that much today, right now it's about 2925 and yesterday, also around noon here,
Chinese Economics Thread
- Thread starter Norfolk
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bro I think it works the other way around: our economies compete ... anyway, it looks they didn't drop that much today, right now it's about 2925 and yesterday, also around noon here,
Brumby
Major
Personally I don't believe the market is any where near a bottom. The technical picture favours 2200 to 2400 being tested. The economy has clearly stalled given the many new policies being introduced to breath life into it. The issue is in the transparency of the actual economic condition. Unfortunately bad news of this type comes in succession. I think there are more bad economic news ahead.
Blackstone
Brigadier
"The economy has clearly stalled?" O'RLY? China's economy is still projected to grow between 6-7% for the year, and consumer confidence is strong and still rising. If that's your definition of "stalled," what do you call Japan's economy, or the 2.0% quarterly growth US just posted?
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Blackstone
Brigadier
It's one big adjustment for sure, but it's not a crash a-la 1929 US either. Consumption is strong and rising and consumers seem little affected by Plutocrats, social/economic elites, and SOEs taking bloodbaths.
our economies must function together or one or both will fail, it is about supply and demand, I have something you want or need, and you have something I want or need? We both want the "best deal", but if we insist on "skinning the other fellow" we will end up like the Rafael deal, both losers?
So while competition is a very good thing in the market place, the last dime is not always a "smart" pursuit when we are negotiationg, sometimes to make the sale you have to take a little less, and sometimes in order to get what you need, you have to "pay a little more"?
The US and China had a very mutually beneficial agreement, this more adversarial stance will break both economies, and more importantly weaken our mutual strength. Ronald Reagon's "Peace through Strength" brings both honor and prosperity to all involved? our current policies seem to be bringing just the opposite IMHO?
Brumby
Major
The comment was about China and so let's keep the discussions in context. The projected growth target of 7 % being achievable is being questioned given what has been happening. The word "stalled' is frankly being charitable.
broadsword
Brigadier
Here's my take.
Not ruling out 2400 or 2200. Nevertheless, I see it bottoming out after that and flirt with 4500 again. Not ruling out breaking that level either.
As to when it bottoms out, wait for year end or the start of the new year for me to have a better idea. My chart reading is time-focused, not price. I look for chart patterns and the waves that make the patterns. If the waves do not make, especially the final wave that makes that particular pattern, then my timing will be out of whack. But I still think the rebound to the 4200 level can happen before the end of 2016.
SamuraiBlue
Captain
As long as the authorities are prohibiting the ones that hold 5% or more of a single ticket of selling their stocks, speculation is meaningless.
manqiangrexue
Brigadier
OK, this shows that growth rate is declining, but it does not show the the economy itself has stalled. It's the graph of the acceleration rate, not the graph of the value. Basically, it's like saying that a car is accelerating slower, but it's still accelerating, not stalled at the same speed nor slowing down. Also, take into account that 7% of 10 trillion is still larger than 10% of 5 trillion.