Chinese stocks lose trillions in value...

[bshole]

Nice signature btw.

Creative, I hadn't noticed that one before.

Not creative at all.... that one has been floating around since the mid 40s.

https://en.wikipedia.org/wiki/First_they_came_...

 

[Exterous]

So after a bit of a rebound it looks like their stock market got hit by a Bad Day

http://www.theguardian.com/business/2015/jul/27/china-stock-market-biggest-fall-2007

 

[s0me0nesmind1]

I don't think anyone's saying it's the end of the world, but a severe crash in the chinese markets is going to have significant ripple effects around the world. If it results in significant economic damage in china, it could end up dragging down other economies as well.

Yes, but have you considered some things may be better in the long run?

Perhaps this would help drive manufacturing back here to the states?

 

[unokitty]

theguardian: China stock market hit by biggest one-day fall since 2007

Morningstar: Wall Street Poised To Join In China-led Selloff

The Street: Stock Futures Fall as Chinese Stocks Plummet


...never send to know for whom the bells tolls,,,

Uno

 

[Bock]

Perhaps this would help drive manufacturing back here to the states?

Not a chance in hell. Labor costs & other fixed costs rule the day on that one.

to put it into perspective, If you could get a chinese guy to mow your lawn for $1, would you continue paying some1 else $25 to mow it? :whiste:

in 2009, urban chinese manufacturing employee avg $2.85 an hour. :twisted:http://www.bls.gov/fls/china.htm

 

[s0me0nesmind1]

These < 1% drops are just a drop in the bucket. We aren't seeing anything near 20-40% drops like China.

 

[maddogchen]

stocks falling again, time to shut the market down, no more trading until we can round up the sellers and execute them.

 

[IGBT]

so are you's guys finally tired of all that iCrap that apple sells?? Maybe you need to go out and buy a few more apple iCrap watches to get things going again??

 

[Svnla]

Look like them rich chinese are moving their money into US real estate = http://www.cnbc.com/2015/07/28/chinese-buyers-feed-new-energy-into-texas-real-estate.html

 

[Fenixgoon]

Look like them rich chinese are moving their money into US real estate = http://www.cnbc.com/2015/07/28/chinese-buyers-feed-new-energy-into-texas-real-estate.html

they are also investing heavily in australian real estate - shorter flight than to the US

http://www.bbc.com/news/world-australia-33339804

 

[zinfamous]

Look like them rich chinese are moving their money into US real estate = http://www.cnbc.com/2015/07/28/chinese-buyers-feed-new-energy-into-texas-real-estate.html

they are also investing heavily in australian real estate - shorter flight than to the US

http://www.bbc.com/news/world-australia-33339804

Honestly, the Feds need to step in fast and start setting hard limits or outright bans on foreign purchases of certain types of real estate. The Chinese are simply going to do to these neighborhoods what they've been doing in China for the last decade+ : purchase property, leave it abandoned, and effectively turn large developments and towns into squatter-infested ghost towns.

Outside of the typical reasons for real estate prices in this area (Silicon Valley), many home prices have skyrocketed in the past 3 years simply because of overseas, cash only purchases, roughly 20-30% above asking price. Homes aren't even making it to list now.