OK, we will see if ignoring facts is wise.
OK, we will see if ignoring facts is wise.
Wiser than Englishman:
http://www.wsj.com/articles/china-setting-up-fund-to-stabilize-stock-market-1435991611
What did you say POTO? I'm calling you out.
Ghost of Igloi wrote:
I never said China's economy or stock market would fall.
You lumped China together with Greece and Puerto Rico, two economies on the verge of collapse.
Ghost of Igloi wrote:
Wiser than Englishman:
http://www.wsj.com/articles/china-setting-up-fund-to-stabilize-stock-market-1435991611
You're doing great, dude. This thread needed a wacko ever since maserati and K5 abandoned us.
Keep it up!
A little over a week ago you said Greece was too insignificant to matter. Evidently it matters enough that EU politicl leaders will meet on Tuesday.
Junior, when your arguments are challenged to you always resort to insults?
Ghost of Igloi wrote:
Junior, when your arguments are challenged to you always resort to insults?
Hey young boy, do you really think that that is what you are doing? That that is even what you are capable of?
POTO, the Chinese economy and markets are facing headwinds you OBVIOUSLY fail to see.
http://www.ft.com/cms/s/0/4a045780-22df-11e5-9c4e-a775d2b173ca.html#axzz3f3vlGBHm
Yep, seems like it by your response.
So headwinds means they should be lumped with two failed economies? That's just crazy talk.
Greece is no more significant than Argentina.
OK. Unoccupied cities and apartments in China makes perfect sense. A stock market that was up over 100% in one year yet GDP falling from double digit to an unlikely offical GDP number of 7%.
In your world it is a "buying opportinity."
Agree it is a buying opportunity.
I will check-in to see how that works out for you.
Your cavalier attitude could cost you $...
http://www.bloombergview.com/articles/2015-07-02/china-s-boom-has-world-bank-worried
You think it's cavalier to take advantage of an essentially risk free return of 22%?
Just a note to point out that iggy is a smart, informed guy - he's not a crazy person at all - his views are defensible and reasonable.
I disagree with many of his views because he seems to have a confirmation bias toward the bear case and he cherry picks data series, but he rarely gives incorrect information or says irrational things .
And yes I have a confirmation bias toward the bull case.
So chill people, and keep it respectful.
Agip you are a gentleman.
I believe Greece, Puerto Rico, Chicago (addition) and China tell us something about the larger markets. I just cannot reconcile easy money and rational price discovery. Each of these entities have pushed the bounds of economic theory. Who will pay the bill may I ask? I learned long ago as a sophomore accounting student that an entry is a debit or a credit.
Risk free or "risk fee." How do you figure?
In case you do not know, while the S&P was down 59% at the lowest point in 2009, China was down 74%.
I do not know how you could describe an economy controlled by the Red Army as risk free. But buy some more if you like.
I wiil sit back and watch your performance.