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B Calm

(28,762 posts)

23. Now the NYSE has suspended trading. I don't trust China hackers.

Reply to JCMach1 (Original post)

Wed Jul 8, 2015, 11:31 AM

Jul 2015

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What Greek Problem? China's Markets Just Entered Meltdown Mode [View all] JCMach1 Jul 2015 OP

I teach online classes to kids in China.... chillfactor Jul 2015 #1

Greece also has many suicides abelenkpe Jul 2015 #20

As I understand it, a LOT of people were playing the market..day trading types. dixiegrrrrl Jul 2015 #22

That's a 'problem' to those who are already invested. Erich Bloodaxe BSN Jul 2015 #2

when China sneezes, a whole lot of other countries get a cold nt geek tragedy Jul 2015 #3

It's the whole world... unless Chinese government controls work we will be talking about 'contagion' JCMach1 Jul 2015 #5

IMO, government controls are foolish LondonReign2 Jul 2015 #28

So, Capitalism's crashes have come to Communist China fasttense Jul 2015 #4

The government and banks have been papering over losses for more than a decade JCMach1 Jul 2015 #6

Every economic system humans can come up with will crash The2ndWheel Jul 2015 #9

Well since humans haven't tried them all it's a bit premature fasttense Jul 2015 #34

They wouldn't be having a crash... sendero Jul 2015 #33

"Hello, US? We'll take that one trillion you owe us now" B2G Jul 2015 #7

"Hello, China?.... A HERETIC I AM Jul 2015 #8

21st Century Margin Call - Big selloff of American bonds to prevent a China Syndrome in stocks? leveymg Jul 2015 #10

Would be a hit, but not that big. China only holds 7.2% of US Debt stevenleser Jul 2015 #15

Anti Social Security too? Enthusiast Jul 2015 #21

No, I don't think China is anti-social security. Why would you say that? stevenleser Jul 2015 #24

With the US having the upper hand brentspeak Jul 2015 #18

Hello China - go ahead remove the ultra-low peg off your currency first tjwash Jul 2015 #29

As others have noted, China has been having problems for a decade or so now. They have been stevenleser Jul 2015 #11

And the sad part is once it becomes unprofitable to make the products in China davidpdx Jul 2015 #12

Yes, Vietnam and Cambodia are the next big things as far as that is concerned. stevenleser Jul 2015 #13

I wonder if that means Apple will move their iPhone production there eventually davidpdx Jul 2015 #14

Exactly, the irony is if they manage to hold off disaster it simply sets-up a bigger China crash JCMach1 Jul 2015 #16

The problem with that free trade argument... jeff47 Jul 2015 #17

There are a finite number of countries. I don't feel strong enough about that argument to stevenleser Jul 2015 #25

There's a bit of hyperbole here. Nitram Jul 2015 #19

Now the NYSE has suspended trading. I don't trust China hackers. B Calm Jul 2015 #23

I don't think it was China. magical thyme Jul 2015 #35

Who are we going to borrow from? merrily Jul 2015 #26

Hey honey, our China has some Greece on it underpants Jul 2015 #27

You didn't...LOL libdem4life Jul 2015 #32

Um, okay, now who's going to buy all our bonds? KamaAina Jul 2015 #30

Our bonds are a 'safehaven'... it's BAD moves made by the banks in China JCMach1 Jul 2015 #31