Resource War/Financial Woes

Newmax also reported that China was behind a certain major terrorist attack on the US. Among other crazy lunatic things they've reported as true.

The article just perpetuates myths and denials on their part about China.

The way that the US media works is when one reports something "interesting" they all follow like a lemming. To which is why many newspapers across the country have few local writers and just post AP, AFP, UPI, WSJ, and NYTimes articles. And they wonder why they're losing readers when you just have to go to the source on the internet.

Ok the messanger might be sh-t but what about the meat of the message? If the the value of the share index is indeed 35x the earnings it is perhaps time to think ooh oh, because its fact.

Im not worried about the other subjective opinions which might be rubbish. However it would be comforting if any knowledgeble person, familiar with numbers, can reasure us that Chanos and Goss are kite Flying and are incapable of shorting the market, thus leaving the most vulnerable group, the mum and pop investor with a loss.

Sure... just like all the other "fall of china" predictions, I'll believe it when I see it.

yongke said:

Sure... just like all the other "fall of china" predictions, I'll believe it when I see it.

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So you are willing to borrow money to invest in something thats overpriced by say 70%?

bladerunner said:

Ok the messanger might be sh-t but what about the meat of the message? If the the value of the share index is indeed 35x the earnings it is perhaps time to think ooh oh, because its fact.

Im not worried about the other subjective opinions which might be rubbish. However it would be comforting if any knowledgeble person, familiar with numbers, can reasure us that Chanos and Goss are kite Flying and are incapable of shorting the market, thus leaving the most vulnerable group, the mum and pop investor with a loss.

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That already happened. Right before this financial collapse China's stock market was cut in half. Look at what happened. And also China's stock market isn't a real indicator of what's going on. I can keep saying China's economy will suffer a setback too and I'll eventually get it right too. The Chanos gang are just trying replicate what Soros did during the 1997 Asian financial crisis but are probably more politically motivated just like his source, Gordan Chang who has predicted nothing right. Do I have to remind people of that? Plus they also are going by the fable that China is 100% percent dependent on exports which goes to tells you something of their expertise that they ignore the fact Chinese are buying cars more than anyone else. It's called denial. I agree that the Beijing can't keep track of what's going on in their own country which accounts for suspicious data. But who says that's automatically negative? Which also brings up the hypocrisy of those that charge China doesn't keep accurate figures while at the same time using them to support their doom and gloom predictions.

Repeating old predictions of doom and gloom as new and pointing to the same things all over agains that history shows they were wrong in then. The likes of Gordan Chang just need their little soundbites like China's about to collapse and that 's enough. Because nobody is going to read the pages where he got it so wrong. And again when China does eventually suffer a downturn, he'll and others will take credit for predicting it.

AssassinsMace said:

That already happened. Right before this financial collapse China's stock market was cut in half. Look at what happened. And also China's stock market isn't a real indicator of what's going on. I can keep saying China's economy will suffer a setback too and I'll eventually get it right too. The Chanos gang are just trying replicate what Soros did during the 1997 Asian financial crisis

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Well I Sure hope you are right.
However its interesting to note that the stock market value which was cut in half, and probably down to its true value, has apparently climbed back up again by 74% ,or thereabouts this yr on the back of alot of borrowed money.

I don't think it will collapse the economy if there was a major correction. But I reckon there's gonna be a lot of pi......off people from the last correction who loose out again

Just out of interest sake Are you willing to spend borrowed money on stock thats perhaps overvalued by 70%

short term yes, long term no. Most of my friends and family members do daily trading like crazy here. If you are lucky you will earn money, but if you are greedy, then don't blame anyone when you lose money on the next crash.

Most of the stocks are bought with cash, not borrowed money. so no worries. Over 50% of the investors in the stock market is still individual and not large institution. This is why it is so volatile. As for people getting pissed off...well i think after several crash on the stock market, they know how to hold their temper. Most people here would not go bankrupt if the stock crash.

As for the economy, it will not be effected much since only small percentage of company's share is floating in the market.

I don't invest into the Chinese stock market because it's more really like gambling than regular stocks. But then those in China do see it more like gambling than playing stocks too. And that's also probably a major difference from those that invest in Western stock markets.

Autumn Child said:

Most of the stocks are bought with cash, not borrowed money. so no worries. Over 50% of the investors in the stock market is still individual and not large institution. This is why it is so volatile.

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Interesting......... but what of the flow on effect, can the mom and pop speculators really take the loss, because of the lack of a social safety net? and is Western Media reports that stimulus money is being used by regional govts unsubstantiated rumor mongering?

AssassinsMace said:

I don't invest into the Chinese stock market because it's more really like gambling than regular stocks. But then those in China do see it more like gambling than playing stocks too. And that's also probably a major difference from those that invest in Western stock markets.

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Well I would have thought hard nosed investors like chanos and co are well aware in the background of the Chinese stock market before mouthing off.