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Asian shares sink as jitters over Chinese markets prompt heavy selling

8 Comments
By ELAINE KURTENBACH

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8 Comments
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BOJ can't raise rates with land prices in secular deflationary spiral and consumer spending contracting.

More cheap BOJ talk. Shrinking aging populations don't cause inflation, only Govt. money printing that also destroys the Yen.

Consider Japan's economy on dollar basis, about half of ten years ago, that's a massive drop in buying power.

4 ( +7 / -3 )

Just google gold-yen 5 year chart to see the yen turn to TP

-6 ( +1 / -7 )

@MichaelBukakis you sound like a Yrral protege! Goggle?

Just google gold-yen 5 year chart to see the yen turn to TP

4 ( +5 / -1 )

Expect the books to be cooked!!!

China is due to provide an update in its economy on Wednesday that economists forecast will show annual growth at 5.3% in the last quarter, up from 4.9% in July-September.

3 ( +3 / -0 )

Most forecasts suggest growth will slow in the world's second largest economy this year, as Beijing continues to grapple with a crisis in its property sector and tepid consumer demand.

It's not just about property.

It's many things, not the least China’s overwhelming and long-standing culture of corruption.

Take palm oil, for instance. A seemingly innocent little commodity, that seems to bring out the tooth and claw in Chinese business.

It was just yesterday that we heard how their biggest food business was heatedly denying any link to the growing corruption scandal over alleged trading fraud of this commodity by its minions amounting to a staggering 5.2 billion yuan loss for the state-owned company.

Bloomberg also spoke about how this is just one of many Chinese commodity trading scandals over the last several years, including (but certainly not limited to) "cases where fraudulent financial documents and warehouse receipts were used as proof of collateral and credit."

Understandable, I guess, at least to a point, when you have The Party telling it’s state-owned and state-invested companies that they have to show obscenely unrealistic profits and productivity, so that The Party can boast of their muy magnifico economic miracle . . . or else.

And international businesses know all of this. And must certainly face the reality and consequences from their stock holders if they fail to react accordingly. And throw money at the mainland.

4 ( +4 / -0 )

It's not just about property.

It's many things, not the least China’s overwhelming and long-standing culture of corruption.

The "red envelope" is a way of life in business and government.

1 ( +1 / -0 )

A smart rich man would buy real estate in China best districts at a discounted price hold them and rent them out and WHEN EVER the market changes sell them for huge profits.

-1 ( +0 / -1 )

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