The Great Fall

at

MW-DP614_china__20150708000903_ZH

是的!

Wall Street Shaky As China Selloff Gathers Pace (Nasdaq)

18 thoughts on “The Great Fall

  1. Bob

    Money is the least of their problems. That guy’s shooting psychic lightning at people!!!

      1. Bertie Blenkinsop

        I don’t know what that means but I’m getting it tattooed on my leg anyway.

  2. Dubloony

    Note to self: by more vegetable plants and seeds on the way home.
    World is screwed!

  3. paul m

    This might explain why Wall Street is getting shakey. Wouldnt want China calling in its IOUs EU style now would we?

    “According to the U.S. Treasury Department, at the end of August 2014, more than a third of the debt was owned by foreign countries (34.4%). The largest foreign holders of U.S. debt were Mainland China (7.2%) and Japan (7.0%). What is the consequence of having such a large percentage of debt held by foreign nations? It depends. It depends on the relationship between the U.S. and the specific foreign country. It also depends on the global interest rate environment. Finally, it depends on the geo-political climate and the degree of fear around the globe. The worst case would materialize if the largest holders decided to sell their Treasury securities at the same time. This could potentially decrease demand which would push yields higher. If yields rose, the federal government would find it more difficult to service the debt, pushing the deficit higher. If the deficit rose, the total debt burden would accelerate and, unless demand for U.S. debt were to increase, it could get ugly.” – Forbes

    http://www.forbes.com/sites/mikepatton/2014/10/28/who-owns-the-most-u-s-debt/

    1. nogoodstartthecans

      Yeah. Poo hitting fans in the summer time is even worse than winter, usually in winter fans are in storage, so if poo does hit them, it’s no worse than poo hitting any other inanimate object. But a fan in summertime is no inanimate object, most of the time, during trading hours especially.
      Thanks for that inshiteful comment.

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