August 26, 2015
By Marc Jones
World shares (click here) sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets.
Europe's main stock markets, which had surged on Tuesday after China's moves, reopened 2 percent down as the jittery mood returned and sent investors back into safe-haven German and U.S. government bonds. China's key share indexes had attempted to move higher several times during Asian trading only to be slapped back by waves of selling, reflecting investors' views that much more support was needed from the government and the central bank....
I cannot believe China's economy was built without a conscience. As of 2014 Wall Street was stating China was expected to surpass the USA's GDP and today Wall Street is trying to isolate the failure. That was nothing but a money grab since 1992 and now China has eyes wide open. It has to be the biggest fraud in history.
No Wall Street firm even bothered to assess the growth of China and it's real world failed decisions. This says more about Wall Street than it does China. China had the will to be gigantic and move from an emerging market to a contender easily competing with the USA. China has been a shell economy with absolutely no substance to it's establishment and growth. How did fraud get so out of control.
The banks are too big and are not even assessing 'on the ground' information in investment.
We have witnessed the "London Whale" and now a failed Chinese economy. The banks are a problem. A problem no one ever expected. China has to be placed back on it's feet and that means the World Bank and IMF will have to assess the behemoth economy and find where the failures occurred and advice to bring about stability. China can't simply be isolated by Wall Street after it ravaged an entire country. The IMF has to act to bring China stability.
I cannot believe China may have to be saved by the IMF because Wall Street used the country as a feeding frenzy. The Chinese government has planned to bring China a middle class and an improved quality of life. This is tragic. Seriously tragic. It goes to prove the ruthlessness of Wall Street and it's overwhelming wealth that can overshadow nations.
By Marc Jones
World shares (click here) sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets.
Europe's main stock markets, which had surged on Tuesday after China's moves, reopened 2 percent down as the jittery mood returned and sent investors back into safe-haven German and U.S. government bonds. China's key share indexes had attempted to move higher several times during Asian trading only to be slapped back by waves of selling, reflecting investors' views that much more support was needed from the government and the central bank....
No Wall Street firm even bothered to assess the growth of China and it's real world failed decisions. This says more about Wall Street than it does China. China had the will to be gigantic and move from an emerging market to a contender easily competing with the USA. China has been a shell economy with absolutely no substance to it's establishment and growth. How did fraud get so out of control.
The banks are too big and are not even assessing 'on the ground' information in investment.
We have witnessed the "London Whale" and now a failed Chinese economy. The banks are a problem. A problem no one ever expected. China has to be placed back on it's feet and that means the World Bank and IMF will have to assess the behemoth economy and find where the failures occurred and advice to bring about stability. China can't simply be isolated by Wall Street after it ravaged an entire country. The IMF has to act to bring China stability.
I cannot believe China may have to be saved by the IMF because Wall Street used the country as a feeding frenzy. The Chinese government has planned to bring China a middle class and an improved quality of life. This is tragic. Seriously tragic. It goes to prove the ruthlessness of Wall Street and it's overwhelming wealth that can overshadow nations.
