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RWGR
08-24-2015, 10:43 AM
They thought China was an economic powerhouse.



Growing concerns about a slowdown in China had already shaken markets around the world on Friday, driving the U.S. stock market sharply lower. A big sell-off in Chinese stock on Monday caused the rout to continue.

The Dow was 668 points, or 4.1 percent, lower as of 9:57 a.m. Eastern time. The Standard & Poor's 500 index dropped 81 points, or 4.2 percent, to 1,889. The Nasdaq composite fell 211 points, or 4.4 percent, to 4,496 points.

China's main index sank 8.5 percent amid fears over the health of the world's second-largest economy.

http://hosted.ap.org/dynamic/stories/F/FINANCIAL_MARKETS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-08-24-10-02-44

Anapeg
08-24-2015, 11:02 AM
Finance baffles me but you point out China as not being the "economic powerhouse" as it was heralded yet it is China's financial woes that started this down turn and continues to fuel it. Is this not a contradiction of terms?

RWGR
08-24-2015, 11:13 AM
When many stock markets are tied to the fallacy of the 'vibrant' Chinese economy then doo doo will hit the fan when its' economy hits the skids.

Hans
08-24-2015, 08:16 PM
And why would they be tied to it, if it is a fallacy?

RWGR
08-25-2015, 12:51 PM
It's hard to discuss with you when you're seething with anger.

Obviously it doesn't help that you needed a couple Americans to thwart a terrorist attack in Belgium http://www.cnn.com/2015/08/21/europe/france-train-shooting/

Your anger is very, very warranted these last few days.

RWGR
08-25-2015, 01:03 PM
The country might enter into a state of recession - The unavoidable thought of the US economy showing improvements in the employment sector after saving itself from a long-term nationwide recession could already signal Canada to go into a temporary period of recession for the meantime.

http://www.realtytoday.com/articles/29640/20150825/why-canadians-worry-housing-market-meltdown.htm

RWGR
08-25-2015, 05:06 PM
Soonet's resident economists were all so giddy just a few short years ago, with the Loonie on par, and even for a bit worth more, than the USD.

That seems just so...so long ago now ...

https://pbs.twimg.com/media/CNR0ZDeVAAAqq4j.jpg

Hans
08-25-2015, 10:37 PM
Looks like I struck a nerve.

Barry Morris
08-25-2015, 11:10 PM
With the dollar down, it makes Canadian products and services more attractive, including our business!!

Anapeg
08-26-2015, 12:31 AM
Looks like I struck a nerve.

Perhaps a whole bundle of nerves?

RWGR
08-26-2015, 12:34 PM
Imitation is the sincerest form of flattery...I win again!!! :) :) :)

RWGR
08-26-2015, 12:35 PM
With the dollar down, it makes Canadian products and services more attractive, including our business!!

I see your "ignore" skills are as sharp as ever ;)

Funny, you were one of the ******ic ones over the loonie pulling even with the dollar a few years ago.

Simply change your views and beliefs whenever it's beneficial ...sounds familiar :) :) :)

Barry Morris
08-26-2015, 01:34 PM
http://www.huffingtonpost.ca/2011/10/04/forbes-canada-best-country-business_n_994554.html

"Forbes' Best Countries For Business List Ranks Canada Number One"

Barry Morris
08-26-2015, 01:34 PM
Perhaps a whole bundle of nerves?

Probably!! :) :) :)

Anapeg
08-26-2015, 03:00 PM
I have always looked upon a devalued loonie as job security. One thing Trudeau did proper was allowing the loonie to float.

Barry Morris
08-26-2015, 03:43 PM
I have always looked upon a devalued loonie as job security. One thing Trudeau did proper was allowing the loonie to float.

Keeps the tourists coming in, and the product flowing out!!!

Hans
08-26-2015, 03:45 PM
$2.1 trillion erased from U.S. stocks in 6 days

http://money.cnn.com/2015/08/26/investing/stocks-markets-2-trillion-erased/index.html

https://altmba.com/wp-content/uploads/2015/07/head-in-sand-271x300.png

RWGR
08-26-2015, 06:16 PM
I have always looked upon a devalued loonie as job security. One thing Trudeau did proper was allowing the loonie to float.

That's exactly what it is. Yet some of Soonet's resident economists were simply giddy when the loonie and the USD were at par. It showed an amazing lack of understanding of basic economics.

RWGR
08-26-2015, 06:19 PM
$2.1 trillion erased from U.S. stocks in 6 days

http://money.cnn.com/2015/08/26/investing/stocks-markets-2-trillion-erased/index.html

https://altmba.com/wp-content/uploads/2015/07/head-in-sand-271x300.png

"Imitation is the sincerest form of flattery!!!"

All that money wiped out, and the overall US economy barely burped.

Thanks, Hans, sometimes we need to be reminded just how amazingly strong and unique is the economy of the USA!!!

http://www.pcdon.com/Waving_Flag_on_3D_Pole-160x120.gif

Hans
09-01-2015, 07:41 PM
Here we go again. Stocks took another nosedive Tuesday following more fears about a slowdown in China's economy.

The Dow Jones Industrial Average plunged 470 points, or 2.8%, and is 12.5% below the all-time high it set in May. The S&P 500 fell 3% and is once again in a so-called correction. It's down more than 10% from the record that it hit in May.

http://money.cnn.com/2015/09/01/investing/stocks-plunge-china/index.html

RWGR
09-02-2015, 09:41 PM
Hope we don't go into recession!! :) :) :)