Super Tin Foil Happy Time...I was thunkin about the Chinese stock market...

[Neshanic]

driving home, and I thought what if the Chinese planned to have this meltdown now. This would possibly acomplish a couple of things.

First, this would start a recession earlier than later, and the upswing would be occuring during the first years of a Democratic administration.

They want a Democratic administration, because they would be more sane, and easier to deal with than the monkeyboy or his ass-kiss McCain.

If they waited, there would be no downturn until a republican freak would be elected, then they would have to deal with that.

Nutty?

[Error]

1. It seemed the comments of Alan Greenspan speaking in Hong Kong

likely triggered the panic, no?

[Warpy]

2. The Shanghai market was overheated

with some shares trading at 8 times what they traded for on other exchanges in the region. The central government announced some steps they were taking to curb the, uh, irrational exuberance.

This is the collapse of a speculative bubble, just like we saw in the NASDAQ. The tinfoil hat mentality caused some panic selling around the world, but none has been as steep as the Chinese loss.

The next few days will be interesting, though.

[ben_meyers]

4. Asian markets tumbling right now

Opec pricing is coming home to roost. The far East economies are based on cheap labor and cheap raw materials, but they don't usually have a lot of innovation. Japan went though this in the 70's and 80's. Try as they might, they can't keep up with the west.

I don't think that China planned a meltdown, they just got caught up in the same mess that Japan did. Don't play with the largest economy in the world if you can't compete.

[orwell]

6. Thanks for the laugh...

Don't play with the largest economy in the world if you can't compete.

Now that's funny...

[robinlynne]

9. That was my thought exactly.

[Prophet 451]

3. The tin foil hat is not always wrong

...but I think it probably is in this instance. Sure, it's possible but I really doubt it.

[htuttle]

5. Do not taunt Happy Fun Stock Market

If Happy Fun Stock Market begins to smoke, get away immediately. Seek shelter and cover head.

[Neshanic]

7. OMG! That's funny! Very good.

[ben_meyers]

8. Okay, what's the joke?

Oops, meant to reply to #6

Asian stocks aren't falling? China's market wouldn't exist without Walmart, Bestbuy, Home Depot etc.? Who is buying all their stuff?

http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=2007-02-28T032642Z_01_T266426_RTRIDST_0_MARKETS-JAPAN-STOCKS-UPDATE-6.XML