Stock Market Crash

Originally posted by Time-Immemorial
[B]You think we would be worried about this if China didn't hold our debt?

Have you ever thought what would happen if they got into a tight spot and recalled the trillions we owe them?

The Chinese know what's up, you did know they have been buying up large amounts of residential and commercial real estate in NYC.

If they fail, they will have significant pull here in America.

Originally posted by Tzeentch
The super-majority of US debt is owned by US citizens, China owns a comparatively small amount of our debt.

Nothing, they have no way to collect. Our credit rating would drop a tier and that's it.

That's a pretty big deal to have your credit lowered.. Does a bank lend to people or business with bad credit?

Not that the question is relevant to the US/immediate topic. Yes they do, actually.

Originally posted by Robtard
Not that the question is relevant to the US/immediate topic. Yes they do, actually.

Yea and do they get a good interest rate? 😆

Typically no.

But you're confusing the pull America's economy has with John Doe and his crappy credit score of 490.

Does a crash have to happen, before you say "I guess we are I trouble?"

Or is it downplaying till then for you?

Originally posted by Time-Immemorial
Does a crash have to happen, before you say "I guess we are I trouble?"

Or is it downplaying till then for you?

You need to give it perspective. The Chinese "crash" has taken its overall stock market value back to...

Where they were at the beginning of this year.

So you think it's a small correction.

Originally posted by Time-Immemorial
Does a crash have to happen, before you say "I guess we are I trouble?"

Or is it downplaying till then for you?

The numbers climbed back up.

Guess we'll just see what happens over the next few weeks.

Originally posted by Robtard
The numbers climbed back up.

Artificial Growth ftw

Originally posted by Time-Immemorial
So you think it's a small correction.

I think the Chinese stock market was unnaturally and unsustainably high and too many other countries were relying on that keeping their own markets buoyant.

I can see why, they grew to fast.

There's been stories for some time of China's paper economy, bs lending numbers, empty cities, highways without cars etc.

Look at this story from 2012:

http://www.cityam.com/article/china-s-false-stability-could-soon-be-exposed-its-growth-model-creaks

Originally posted by Time-Immemorial
I can see why, they grew to fast.

Indeed. Their stock market grew 150% in just over a year. Totally unsustainable.

Originally posted by Robtard
There's been stories for some time of China's paper economy, bs lending numbers, empty cities, highways without cars etc.

Look at this story from 2012:

http://www.cityam.com/article/china-s-false-stability-could-soon-be-exposed-its-growth-model-creaks

The craziest statistic I seen about China was that they used more concrete in 3 years that the US used in the entire 20th century.

Oh gawd.

Phucking Chinese ruining everything.

What is a gigaton, like a billion tons?

4.5 billion tons doesn't seem like a lot for everything that got built with concrete