Chinese stock market crash; has the bubble finally burst?

[Ideologue]

Nationalize corporations.  Problem solved.

[citizen k]

Nationalize corporations.  Problem solved.

They've decided to go down the corporatize nations route.

[Monoriu]

Plus the connection between a popping stock market bubble and austerity is tenuous to nonexistent.

Popping stock market will result in lower revenues, lower revenues result in defict spending, and we cure deficit spending by austerity.  Or at least theoretically.

It wasn't that long ago that China did not have a stock market at all.  The Chinese government does not depend on the stock market for revenue collection. 

[Razgovory]

Plus the connection between a popping stock market bubble and austerity is tenuous to nonexistent.

Popping stock market will result in lower revenues, lower revenues result in defict spending, and we cure deficit spending by austerity.  Or at least theoretically.

It wasn't that long ago that China did not have a stock market at all.  The Chinese government does not depend on the stock market for revenue collection.

No... but if business go under or people have less money to spend then revenues will go down.

[jimmy olsen]

Wow

http://money.cnn.com/2015/07/05/investing/china-stocks-crash/

According to Oxford Economics, shares may have to fall another 35% or so to bring them into line with long-term averages.

[Tonitrus]

I am ready to buy when it hits bottom.  I can't wait 

Maybe they'll try austerity and fire a bunch of civil service employees.

Once again you fail to distinguish between Hong Kong and China.  Our public finances are separate, our stock markets are separate, and our civil service systems are separate.

But at least the tanks are not. 

[Ed Anger]

Nationalize corporations.  Problem solved.

Nationalize peanut butter cups

[Valmy]

Corporate taxation is double taxation.

I have to pay taxes why shouldn't corporate people pay them?

[DGuller]

Once again you fail to distinguish between Hong Kong and China.  Our public finances are separate, our stock markets are separate, and our civil service systems are separate.

Hypothetically speaking, if China were to borrow that nice big sovereign wealth fund HK is having, how long would it last it?  You know, during a rainy day?

[Ideologue]

Nationalize corporations.  Problem solved.

Nationalize peanut butter cups

Nationalize Normandy. We did it once and their shore defenses are far weaker this time.

[Monoriu]

Once again you fail to distinguish between Hong Kong and China.  Our public finances are separate, our stock markets are separate, and our civil service systems are separate.

Hypothetically speaking, if China were to borrow that nice big sovereign wealth fund HK is having, how long would it last it?  You know, during a rainy day?

HK used to be 15% of China's GDP.  Those days are long gone.  Our fund is peanuts compared to theirs now.  That should stop them from having funny ideas.   

[Valmy]

Nationalize Normandy. We did it once and their shore defenses are far weaker this time.

That was the plan but fortunately the Allies never had to bother with an occupation. De Gaulle's people took control almost as soon as the Allies moved in.

[Martinus]

Well, I really hope the chinese bubble keeps going. We all know is a effing fake as can possibly be bubble, but the burst will hurt every body. (My family have a few shekels invested in Chinese assets).

Lolz, you've just validated every CdM "Siege is selling us out to the Chinese" joke ever made. 

Not to nitpick, but if Siege owns Chinese shares, it's more the case of the Chinese selling out to the International Jewry.

[The Minsky Moment]

Wow

http://money.cnn.com/2015/07/05/investing/china-stocks-crash/

According to Oxford Economics, shares may have to fall another 35% or so to bring them into line with long-term averages.

I don't understand this, most of these stocks haven't been around for very long.  There is no long-term historical average.

[Ed Anger]

Nationalize corporations.  Problem solved.

Nationalize peanut butter cups

Nationalize Normandy. We did it once and their shore defenses are far weaker this time.

Nationalize Blu-Rays