Are they going to prop up their gdp again? This game is getting old, how many more ghost cities and ghost malls and ghost countries are they going to build, their gdp is alot less than what it appears to be, probably in the low single digits....i laugh when I see these worthless stimulus programs, hasn't anyone learned from the US and their worthless economy that stimulus does not work and will never work....remember there cannot be such a thing as failing or falling economies or markets, central banks of today will prop up anything they can with their worthless stimulus games.....China is far from done, they are going to need trillions in stimulus once they realize how bad their economy actually is, this is just the beginning before the next crisis. .. China central bank injects $22B into economy Katy Barnato | @KatyBarnato 3 Hours AgoCNBC.com China pumped 140 billion yuan ($21.8 billion) into its economy on Wednesday, in the central bank's latest bid to shore up slowing economic growth and waylay investors' fears of a "hard landing." The People's Bank of China (PBoC) injected billions of yuan into the interbank money market via a short-term liquidity operation, the bank said on its website. The loans mature in six days and have an average weighted bid rate of 2.3 percent. Short-term liquidity operations were introduced in 2013 by China to smooth fluctuations in liquidity and stabilize interbank funding costs. Nelson Ching | Bloomberg | Getty Images Wednesday's action came at a time of extreme market volatility in China and increased intervention by the central bank. On Tuesday, Shanghai Composite index ending down 1.3 percent.
It's all about postponing the inevitable...I think that we are wired to choose to delay pain, if possible...Just like in the US markets, the decision to screw over one generation for the benefit on another has been made
It's the game, the Chinese government is trying to convince their people that communism is a better way. No such thing. They can pour zillions in the economy, but it won't help. I don't think we will see a strong China next years.
IT wont, the trend for Chinas economy is down, GDP isnt what it says it is, 7%, ha. its more like 3-5%, maybe even lower... they are hoping all that stimulus goes towards building more ghost cities to make it look like they growing their GDP, underneath the surface Chinas GDP is a lot lower than many believe. All the stimulus will not save their economy, it didn't save ours, everything you see in the US economy is smoke and mirrors, its all stimulus and worthless trillions that made it look like a turnaround, its an illusion. The same is going to be said for Europe and China once the global infrastructure starts to weaken you will notice stimulus and low interest rates didn't do anything, but create an even larger crisis.
The PPT were back in full force today. They had orders not to let the market go down again. A temporary rise before we fall even further in the weeks to come.
The burst higher was bound to happen after a nearly 2000 dow point sell off, it came and almost recovered a 1/3 of that, the rest of the week is pretty much up in the air in either direction, who knows if there is another 400-600 point intraday gain, I think the markets wont rally that much tomorrow if they are up, I'm thinking maybe a normal 100-200 point gain if any....aside from that just keep a watch on s$p 2000, it could possibly break it this week if the bulls really have at it....this was the headline on cnbc moments ago.... "STOCKS ARE READY FOR MORE ROCK AND ROLL" funny to see how quick the headlines change on cnbc from one minute to the next. TOP NEWS & ANALYSIS Stocks are ready for more rock and roll Markets could first be in for a fresh dose of positive news on the economy, after a better-than-expected durable goods number.