China Sucks

Discussion in 'The Howard Stern Show' started by CrucifiedAGT, Aug 12, 2015.

  1. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    While you were hand wringing over Bruce Jenner, BLM, and the all time stupid issue of gay marriage, this shit is going on:

    Stocks plunge as yuan extends slide

    U.S. stocks quickly fell about 1 percent on Wednesday as a second day of decline in the yuan against the dollar increased concerns about global growth.

    The Dow Jones industrial average fell more than 230 points, extending Tuesday's 212-point loss. The Nasdaq Composite fell 1.5 percent as Apple and biotechs continued to decline sharply. The S&P 500 fell nearly 1 percent and broke a support level, trading near 2,058 as of 9:39 a.m.

    "It's still a reaction to the Chinese yuan and the fear that many individual stocks are in oversold territory. The pressure will be on the overall stocks to hold 2,060/2,065 on the SPX cash," said JJ Kinahan, chief strategist at TD Ameritrade.

    More than half of the stocks in the S&P 500 are trading in correction territory. The index is up less than 0.3 percent year-to-date and is about 3 percent off its 52-week high.

    The People's Bank of China set the yuan fixing at 6.3306 against the U.S. dollar on Wednesday, 1.6 percent weaker than the previous day's level.

    http://www.cnbc.com/2015/08/12/us-stocks-open-sharply-lower-as-yuan-extends-slide.html
     
  2. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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  3. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    While they have the money, they are building infrastructure for their next billion people.
     
  4. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    Those tiny penis' are quite potent, right Robin?
     
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  5. LawyerLarry

    LawyerLarry Mr. Fuckmoney in the Bank VIP

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    DTF296, BethSucks and sstressed like this.
  6. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    They're building houses and office buildings which rot away because they're not being used or maintained. It's pointless to spend money on homes/roads/buildings which aren't used.

    The real secret is that many of these projects are being funded by investors because stock market access is difficult, and China doesn't have retirements savings as we do. How much is a house worth when no one lives there? Not much. Now, put it on a street where the government doesn't allow anyone to live. It's worthless.
     
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  7. SomerSky

    SomerSky Obsessed with what I hate Banned User

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    I was there not too long ago, going to some factories etc. outside of the pretty built up cities that you see on postcards....massive shitholes, but they are luring the burgeoning middle class into thinking real estate is the way to go, and they put ALL of their money into these ghost towns hoping they will be able to flip them like the idiots here thought, the only difference is that the Gov't there is sheltering the world from knowing the true devastation this has wrought, and the fall is coming very very soon.....they are protesting, they are trying to "unionize" they commit suicide at the Apple plants, and half the work force, when they leave for Chinese New year, never come back to their menial task sewing jobs 5 hours away because they think they can work at the new movie theater or mall in their local town, making the same shit wage....we lose 10% of our work force every year...
     
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  8. unclefreddy

    unclefreddy Well-Known Member

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    Attention Trump: I have the solution to immigration in America
    Simply Add:

    [​IMG]

    Plus
    [​IMG]

    China/Mexican Immigration Solution

    [​IMG]
     
  9. Droog

    Droog Well-Known Member VIP

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    Imagine having a nice sports car and flying around those newly paved and empty roads.
     
  10. DuckDong

    DuckDong VIP Extreme Gold

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    When that economy does collapse look for China and possibly India to go to war to kill off a vast amount of both populations.... problems solved.

    Im not joking either it is easier to find an outward enemy than evaluate yourself and risk losing power. Not to mention that real populations issues are not solved without purges.
     
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  11. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    When the government wants the joints filled, they will relocate people into them.
     
  12. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    I heard tales like this 5-10yrs ago, and that manufacturing was going to move to Vietnam, because it is the next cheapest, least regulated place on the list.

    Product I get from China has more than doubled in price over the past 10yrs, but it is still only 2/3 the price from Japan 15yrs ago.
     
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  13. SomerSky

    SomerSky Obsessed with what I hate Banned User

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    we moved a ton of production to Dhaka, which in comparison to anywhere in China is the biggest fucking cesspool of humanity, people still shit in the streets, and I'm surprised we don't get e-coli poisoning from the clothes they sew there....that said, still cheaper than China is today by half....Vietnam is aging and they don't have the manpower to support our wear now, instant gratification of disposable shit goods...
     
  14. Notfunorfunny

    Notfunorfunny I Can Pull It

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    shorting their markets is fun. they aint a superpower . they dont even have an aircraft carrier. they are a communist nation and a clear enemy oif US interests. hope their market keeps getting smashed. Russia too. try legislating that bitches.
     
  15. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    You realize that money has to change hands, right? And where will people work in these ghost cities?
     
  16. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

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    ppl say this like its a bad thing... :dontknow:
     
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  17. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

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    i believe they have ONE carrier, old rooskie stuff

    https://en.wikipedia.org/wiki/Chinese_aircraft_carrier_Liaoning
     
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  18. June DeMay

    June DeMay Well-Known Member

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    Excellent work ethic, cheap labor, lots of investment - leave it to the communists to fuck it up.
     
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  19. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    I thought they were commies. No rent vouchers?
     
  20. balloon knot

    balloon knot Well-Known Member

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    [​IMG]

    fuck that slanty-eyed bastard..........ooops, wrong thread