Why would you post this? You want me to believe that china, currently investing one billion dollars, will ratchet up investment to one hundred billion within 5 years.
Not feeling what you are saying, try to go out to eat any place nice and see the crowds. A whole lot of people still spending money.
Recession, WHERE??
People were still spending during the Great Depression, people were spending the economic declines during the early 1980's, early 1990's, 2000-2001 and now..people might have been going out to dinner 3 times a week when the economy was good now they may be going 1 or 2 times at this point..the input of money going into the economy has still decreased which is a negative.
China just uncovered a $64 billion 'underground bank'
Chinese authorities just uncovered a massive "underground bank" in the country's eastern Zhejiang province, according to a report in the People's Daily, the official Chinese Communist Party newspaper.
The scale of the operation reported is astonishing. The report suggests 410 billion yuan ($64 billion, £42 billion) in foreign-exchange transactions were made by the unnamed illegal organisation — 370 people have reportedly been arrested.
http://www.businessinsider.com/chinese-64-billion-underground-bank-in-zhejiang-2015-11
Chinese authorities just uncovered a massive "underground bank" in the country's eastern Zhejiang province, according to a report in the People's Daily, the official Chinese Communist Party newspaper.
The scale of the operation reported is astonishing. The report suggests 410 billion yuan ($64 billion, £42 billion) in foreign-exchange transactions were made by the unnamed illegal organisation — 370 people have reportedly been arrested.
http://www.businessinsider.com/chinese-64-billion-underground-bank-in-zhejiang-2015-11
Consumer Confidence Index in U.S. Fell to 90.4 in November
November 24, 2015 — 7:01 AM PST
The Conference Board’s index of consumer confidence decreased to 90.4 in November, the lowest since September 2014, from a revised 99.1 a month earlier, the New York-based private research group said Tuesday.
The median forecast of 71 economists in a Bloomberg survey called for a reading of 99.5, with estimates ranging from 96 to 103.5. The index averaged 96.9 during the last expansion and 53.7 in the recession that ended in June 2009.
Among other reports Tuesday, property values climbed in the year through September at the fastest pace since August 2014. The S&P/Case-Shiller index of home prices rose 5.5 percent after a 5.1 percent year-over-year advance in August.
The Commerce Department reported the economy expanded in the third quarter at a faster pace than previously estimated. Gross domestic product, the value of all goods and services produced, rose at a 2.1 percent annualized rate, up from an initial estimate of 1.5 percent and reflecting a smaller hit from efforts to rein in bloated inventories.
http://www.bloomberg.com/news/articles/2015-11-24/consumer-confidence-index-in-u-s-fell-to-90-4-in-november
November 24, 2015 — 7:01 AM PST
The Conference Board’s index of consumer confidence decreased to 90.4 in November, the lowest since September 2014, from a revised 99.1 a month earlier, the New York-based private research group said Tuesday.
The median forecast of 71 economists in a Bloomberg survey called for a reading of 99.5, with estimates ranging from 96 to 103.5. The index averaged 96.9 during the last expansion and 53.7 in the recession that ended in June 2009.
Among other reports Tuesday, property values climbed in the year through September at the fastest pace since August 2014. The S&P/Case-Shiller index of home prices rose 5.5 percent after a 5.1 percent year-over-year advance in August.
The Commerce Department reported the economy expanded in the third quarter at a faster pace than previously estimated. Gross domestic product, the value of all goods and services produced, rose at a 2.1 percent annualized rate, up from an initial estimate of 1.5 percent and reflecting a smaller hit from efforts to rein in bloated inventories.
http://www.bloomberg.com/news/articles/2015-11-24/consumer-confidence-index-in-u-s-fell-to-90-4-in-november
Bubble, bubble, bubble
You spend too much time trying to seem smart, tbh...
It would buckle, but I don't know about fail. Tourism is just a big as tech
http://www.calmis.ca.gov/specialreports/LBD2014_SanFranReg.pdf
Falling Corporate Profits Blur U.S. Growth Outlook
http://www.wsj.com/articles/u-s-gdp-expands-at-2-1-pace-in-third-quarter-1448372098
http://www.wsj.com/articles/u-s-gdp-expands-at-2-1-pace-in-third-quarter-1448372098
Something to watch as to why so many will be there...
http://www.cop21.gouv.fr/en/everyth...arrival-of-the-heads-of-state-on-30-november/
::message::
http://www.cop21.gouv.fr/en/everyth...arrival-of-the-heads-of-state-on-30-november/
::message::
Bank of America: The 'Great Divorce' Between the World's Two Largest Economies Will Drive Currency and Rates Markets in 2016
http://finance.yahoo.com/news/bank-america-great-divorce-between-211325515.html
http://finance.yahoo.com/news/bank-america-great-divorce-between-211325515.html
Insiders sending an ominous market signal
http://www.cnbc.com/2015/11/23/insiders-sending-an-ominous-market-signal.html
http://www.cnbc.com/2015/11/23/insiders-sending-an-ominous-market-signal.html
Russia adds yuan as currency reserve
https://www.rt.com/business/323639-russia-adds-yuan-reserve-currency/
https://www.rt.com/business/323639-russia-adds-yuan-reserve-currency/
<iframe src="http://www.bloomberg.com/api/embed/iframe?id=MrfEpjjQTe27J6jqnWJoNA" allowscriptaccess="always" frameborder="0"></iframe>
http://www.bloomberg.com/news/artic...fidence-in-economy-ahead-of-fed-rate-decision
Confidence in Economy Ahead of Fed Meeting
http://www.bloomberg.com/news/artic...fidence-in-economy-ahead-of-fed-rate-decision
Confidence in Economy Ahead of Fed Meeting
The Shocking True State of the Financial System Today .. For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.
http://www.zerohedge.com/news/2015-12-02/shocking-true-state-financial-system-today
http://www.zerohedge.com/news/2015-12-02/shocking-true-state-financial-system-today
Yields fly, dollar dips after ECB actions
Dec 3 2015, 10:13 ET | By: Stephen Alpher, SA News Editor
The ECB earlier cut its deposit rate further into negative territory and extended the length of the QE program, but the central bank failed to give markets what they want - a boost in the amount of QE, or expansion into asset classes like regional bonds, ABS, or used exercise equipment which never seems to sell on Craigslist.
As a result, European stocks are tumbling, and the euro and bond yields are on the rise.
Treasurys are also taking the news hard, with the 10-year yield up nine basis points to 2.27% (all of this move came before Janet Yellen told Congress she is "looking forward" to hiking rates). TLT -1.7%, TBT +3.4%
On the flipside of the soaring euro is the dollar (UUP -1.5%).
Dec 3 2015, 10:13 ET | By: Stephen Alpher, SA News Editor
The ECB earlier cut its deposit rate further into negative territory and extended the length of the QE program, but the central bank failed to give markets what they want - a boost in the amount of QE, or expansion into asset classes like regional bonds, ABS, or used exercise equipment which never seems to sell on Craigslist.
As a result, European stocks are tumbling, and the euro and bond yields are on the rise.
Treasurys are also taking the news hard, with the 10-year yield up nine basis points to 2.27% (all of this move came before Janet Yellen told Congress she is "looking forward" to hiking rates). TLT -1.7%, TBT +3.4%
On the flipside of the soaring euro is the dollar (UUP -1.5%).
Gold-Backed Ruble, Yuan to Trigger Global De-Dollarization
A gold-backed ruble and gold-backed yuan could start a 'snowball exit' from dollar F. William Engdahl notes, adding that it will diminish America's ability to use the reserve dollar role to finance Washington's perpetual overseas wars.
Read more: http://sputniknews.com/politics/201...yuan-global-dedolarization.html#ixzz3tUylnRqY
A gold-backed ruble and gold-backed yuan could start a 'snowball exit' from dollar F. William Engdahl notes, adding that it will diminish America's ability to use the reserve dollar role to finance Washington's perpetual overseas wars.
Read more: http://sputniknews.com/politics/201...yuan-global-dedolarization.html#ixzz3tUylnRqY
Putin seeks alliance to rival TPP
Published time: 4 Dec, 2015
Russian President Vladimir Putin intends to form an economic bloc, as an alternative to the US-led Trans-Pacific Partnership (TPP). He has asked the government to start making contacts with Asian countries.
"I suggest that we and other Eurasian Economic Union countries should kick-off consultations with members of the Shanghai Cooperation Organisation (SCO) and the Association of Southeast Asian Nations (ASEAN) on a possible economic partnership," said Putin, addressing the Russian Parliament on Thursday.
Read more: https://www.rt.com/business/324747-putin-tpp-bloc-russia/
Published time: 4 Dec, 2015
Russian President Vladimir Putin intends to form an economic bloc, as an alternative to the US-led Trans-Pacific Partnership (TPP). He has asked the government to start making contacts with Asian countries.
"I suggest that we and other Eurasian Economic Union countries should kick-off consultations with members of the Shanghai Cooperation Organisation (SCO) and the Association of Southeast Asian Nations (ASEAN) on a possible economic partnership," said Putin, addressing the Russian Parliament on Thursday.
Read more: https://www.rt.com/business/324747-putin-tpp-bloc-russia/
Emerging powers rise in IMF as US unblocks reforms
http://news.yahoo.com/emerging-powers-rise-imf-us-unblocks-reforms-214633198.html
IMF Managing Director Christine Lagarde Welcomes U.S. Congressional Approval of the 2010 Quota and Governance Reforms
Press Release No. 15/573
December 18, 2015
http://www.imf.org/external/np/sec/pr/2015/pr15573.htm?hootPostID=a8e2a3febb788cce5032db02dd3bd903
http://news.yahoo.com/emerging-powers-rise-imf-us-unblocks-reforms-214633198.html
IMF Managing Director Christine Lagarde Welcomes U.S. Congressional Approval of the 2010 Quota and Governance Reforms
Press Release No. 15/573
December 18, 2015
http://www.imf.org/external/np/sec/pr/2015/pr15573.htm?hootPostID=a8e2a3febb788cce5032db02dd3bd903
Honestly, I don't understand exactly how this effects our economy. Can you explain in simple terms please?
Chinese stocks destroy $47B in U.S. wealth
There might be one thing tougher for an American than learning to speak Chinese: Owning Chinese stocks.
The 141 Chinese-based companies with shares listed on a major U.S. exchange have shredded $47 billion in market value - just this year, according to a USA TODAY analysis of data from S&P Capital IQ. These stocks are already down 4.8% on average this year.
It's a stunning destruction in wealth that seems to only be getting started. The Shanghai Composite Index dropped 7.3% Thursday before trading was halted. Investors are braced for more selling to continue. China's pain is also spreading into U.S. markets. The Dow Jones industrial average is down 390 points to 16,517 Thursday and is off 4.8% this year.
Pain is already being felt - in a big way - by investors brave enough to buy into U.S.-listed shares of Chinese stocks. The iShares China Large-Cap exchange-traded fund (FXI) is down 3.5% - showing the direct hit that U.S. investors participating in what was supposed to be a fast-growing region are suffering.
The biggest market value blow to investors - by far - comes from Chinese e-commerce site Alibaba (BABA). The stock, which was supposed to be the next best thing since Amazon, is actually giving investors fits. The stock is down 11.4% just this year - which shreds more than $23 billion in shareholder value. Just this one stock accounts about half of what investors have lost this year on U.S. listed Chinese stocks.
JD.com (JD), a direct seller of goods in China, is the next biggest hit for investors. The value of the company has taken a $6.2 billion cut this year due to the 14% drop in the stock this year.
http://www.usatoday.com/story/money/markets/2016/01/07/chinese-stocks-destroy-value/78421516/
---------------------------------------------
Dow, Nasdaq close down triple digits, in correction on China worries
http://www.cnbc.com/id/103286579
This is just showing the BS that they pull in the media about how great the economy is here and globally that all is great, the unemployment numbers are so great they say, but it's bull. Things are not good, this country does not have the money that they say is there.
Last edited:
Fed official confesses Fed rigged stock market — Crash certain
In a dynamite interview, Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, gave what may be the biggest confession you’ll ever see and hear from a Federal Reserve insider: the Federal Reserve knowingly “front ran” the US stock market recovery (i.e., manipulated the market) and created a huge asset bubble. Fisher expresses certainty that the “juiced” stock market will come down and is coming down now that the Fed has taken its foot off the accelerator … and that it has a long way yet to go.
While that is no news to readers here whose eyes are wide open, a “market put” has been denied by the Fed and by many market advisors. That the market was an overinflated bubble created by the Fed has been denied, too; but Fisher clearly and gleefully admits the Fed created a bubble that will have to deflate now that the Federal Reserve’s stimulus is off.
As one of the members of the Federal Reserve’s FOMC (the Federal Open Market Committee, which sets US monetary policy), Richard Fisher participated in and voted on all of the Fed’s policies of zero interest and quantitative easing, so he has inside knowledge of all the discussions behind the scenes at the Fed.
Here are the significant quotes from Richard Fisher on CNBC’s video:
What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.
It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow.
I’m not surprised that almost every index you can look at … was down significantly. [Referring to the results in the stock market after the Fed raised rates in December.]
Basically, we had a tremendous rally, and I think there’s a great digestive period that is likely to take place now, and it may continue.
We front-loaded at the Federal Reserve an enormous rally in order to accomplish a wealth effect.
I wouldn’t blame [what is happening in the market’s now] on China. We’re always looking for excuses.
I wasn’t surprised at last year. And I wouldn’t be surprised at a rather fallow performance this year as well.
A lot of people are building cash positions…. Those [investors] that are taking a longer term view are being extremely cautious here, are raising their cash levels, are nervous about the valuations that are in the market.
The values are very richly priced here, so I could see significant downside.
Asked if saw a big unwind from the Fed’s 6.5-year policy and what it would look like on the way down, Fisher responded,
I was warning my colleagues, “Don’t go wobbly if we have a 10-20% correction at some point…. Everybody you talk to … has been warning that these markets are heavily priced.
Elsewhere Fisher said:
The Federal Reserve is a giant weapon that has no ammunition left.
You have to be careful here and frank about what drove the markets…. It was, the Fed, the Fed, the Fed, the European Central Bank, the Japanese Central bank … all quantitatively driven by central bank activity. That’s not the way markets should be working…. They were juiced up by central banks, including the Federal Reserve…. So, I think you have to acknowledge reality.
It’s about time for breaking the economic denial. Acknowledging reality is what many in the mainstream media, at the Fed, and among economists and stock analysts refused to do.
Now that the US stock market appears to be crashing, is Richard Fisher’s confession to cover his own hind end, by saying, “I warned the guys about this, and I voted against QE3 because I knew it went too far?” Is he just the first rat to flee the sinking ship, or is he just the most honest of Fed officials who is no longer on the board so feels freer to talk?
http://thegreatrecession.info/blog/fed-official-confesses-fed-rigged-stock-market-collapse-certain/
In a dynamite interview, Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, gave what may be the biggest confession you’ll ever see and hear from a Federal Reserve insider: the Federal Reserve knowingly “front ran” the US stock market recovery (i.e., manipulated the market) and created a huge asset bubble. Fisher expresses certainty that the “juiced” stock market will come down and is coming down now that the Fed has taken its foot off the accelerator … and that it has a long way yet to go.
While that is no news to readers here whose eyes are wide open, a “market put” has been denied by the Fed and by many market advisors. That the market was an overinflated bubble created by the Fed has been denied, too; but Fisher clearly and gleefully admits the Fed created a bubble that will have to deflate now that the Federal Reserve’s stimulus is off.
As one of the members of the Federal Reserve’s FOMC (the Federal Open Market Committee, which sets US monetary policy), Richard Fisher participated in and voted on all of the Fed’s policies of zero interest and quantitative easing, so he has inside knowledge of all the discussions behind the scenes at the Fed.
Here are the significant quotes from Richard Fisher on CNBC’s video:
What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.
It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow.
I’m not surprised that almost every index you can look at … was down significantly. [Referring to the results in the stock market after the Fed raised rates in December.]
Basically, we had a tremendous rally, and I think there’s a great digestive period that is likely to take place now, and it may continue.
We front-loaded at the Federal Reserve an enormous rally in order to accomplish a wealth effect.
I wouldn’t blame [what is happening in the market’s now] on China. We’re always looking for excuses.
I wasn’t surprised at last year. And I wouldn’t be surprised at a rather fallow performance this year as well.
A lot of people are building cash positions…. Those [investors] that are taking a longer term view are being extremely cautious here, are raising their cash levels, are nervous about the valuations that are in the market.
The values are very richly priced here, so I could see significant downside.
Asked if saw a big unwind from the Fed’s 6.5-year policy and what it would look like on the way down, Fisher responded,
I was warning my colleagues, “Don’t go wobbly if we have a 10-20% correction at some point…. Everybody you talk to … has been warning that these markets are heavily priced.
Elsewhere Fisher said:
The Federal Reserve is a giant weapon that has no ammunition left.
You have to be careful here and frank about what drove the markets…. It was, the Fed, the Fed, the Fed, the European Central Bank, the Japanese Central bank … all quantitatively driven by central bank activity. That’s not the way markets should be working…. They were juiced up by central banks, including the Federal Reserve…. So, I think you have to acknowledge reality.
It’s about time for breaking the economic denial. Acknowledging reality is what many in the mainstream media, at the Fed, and among economists and stock analysts refused to do.
Now that the US stock market appears to be crashing, is Richard Fisher’s confession to cover his own hind end, by saying, “I warned the guys about this, and I voted against QE3 because I knew it went too far?” Is he just the first rat to flee the sinking ship, or is he just the most honest of Fed officials who is no longer on the board so feels freer to talk?
http://thegreatrecession.info/blog/fed-official-confesses-fed-rigged-stock-market-collapse-certain/
damn
in plain sight
All markets are rigged, gold, diamonds, oil. even food... You think the powers that be would leave the financial fate of the world up to fate? Remember the goal of these CAC's is to challenge god/fate/or nature by determining their own destiny... One reason for world domination is to have complete control of the trade market, and they do so by integrating people from all over the world, to their system and paying them off well for their participation as sentinels for their system..
As fucked up as it is, the world is so dependent on this system so much that all is needed is a lil kid stating the Emperor has no clothes on for everyone to see how much of a ruse the whole thing is...
And even that wont work due to the fact that nobody wants to give up our comfortable cushy way of life provided by the system....