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2016-02-11 China-Japan-Koreas

Kyle Bass: China is already out of money

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Posted by gorb 2016-02-11 11:46|| || Front Page|| [11125 views ] Top

#1 China is on vacation this week. Their stock markets are closed. I think when they open Monday there's gonna be a big drop to catch up to the rest of the world's markets that have tanked this week.

Posted by BrerRabbit 2016-02-11 12:33|| 2016-02-11 12:33|| Front Page Top

#2 Despite all the external similarities to Western economic systems (which in their own right are little more than a house of cards reliant on no catastrophic swings in demand or supply of consumer funding) this is a Communist political system run by oligarch who are also plutocrats. Do we really think traditional economic rules apply, instead of just outright lies, intimidation, and Weimar style printing?

Posted by NoMoreBS 2016-02-11 12:59|| 2016-02-11 12:59|| Front Page Top

#3 If Michael Lewis is following him around with a notebook, watch out.

Posted by Shipman 2016-02-11 14:37|| 2016-02-11 14:37|| Front Page Top

#4 In the last month: a Chinese company bought GE's appliance division.

In the last week: they spent a billion buying Norwegian software company "Opera."

They're not acting like they're out of money.

Posted by Thing From Snowy Mountain 2016-02-11 15:04|| 2016-02-11 15:04|| Front Page Top

#5 this is a Communist political system run by oligarch who are also plutocrats.

Let's see... They're plutocrat oligarch communist mandarin mafioso aristocrats.

And WE'RE stuck with Fredo.

Damnit.

Posted by Thing From Snowy Mountain 2016-02-11 15:08|| 2016-02-11 15:08|| Front Page Top

#6 Bad loans at the banks are the main problem. China will have to devalue the Yuan, but that will make paying back USD denominated loans almost impossible.

I can see a China banking crisis bringing down banks across the world. It could get very ugly.

Posted by phil_b 2016-02-11 15:17|| 2016-02-11 15:17|| Front Page Top

#7 Euro banks are already shaky.

Posted by Sven the pelter 2016-02-11 15:20|| 2016-02-11 15:20|| Front Page Top

#8 Maybe Taiwan should attempt a buy-out. Re-unification only backwards.

Posted by rjschwarz 2016-02-11 18:41|| 2016-02-11 18:41|| Front Page Top

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