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Stock Market discussion
FitnessFrenzy:
nasdaq 100 down over 4% ouch! (today)
loco:
Thin Lizzy:
How is it crashing when it is only 5% off its all-time high?
Mayday:
The US seems to be actioning a plan.
You guys finally declared China a currency manipulator. Been going on for donkeys but never officially declared.
So we have a week of horrid markets and then instead of a rally point (normally the fed steps in) we see the US go bananas at China lol. It'll be a bloodbath today. Gold, silver, cryptos to rally until this is resolved.
Whilst some will jump to say 'what an idiot', there is no way this wasn't done unless something behind the scenes has gone horribly wrong. This is HUGE! We are talking declaring economic war on a superpower, watch the markets meltdown this week.
The initial greed for offshoring has now put the IP and data into China's hands and over time we all have a losing hand. Even DJI is on the radar because they are mapping and recording everything and the data is Chinese owned. it's now the next step.
The nervous money is in China, not the US. So, flush it out and make China unstable. China have more to lose right now as a loss of investment/production would crush their entire economy.
Dokey111:
--- Quote from: Mayday on August 05, 2019, 04:59:11 PM ---The US seems to be actioning a plan.
You guys finally declared China a currency manipulator. Been going on for donkeys but never officially declared.
So we have a week of horrid markets and then instead of a rally point (normally the fed steps in) we see the US go bananas at China lol. It'll be a bloodbath today. Gold, silver, cryptos to rally until this is resolved.
Whilst some will jump to say 'what an idiot', there is no way this wasn't done unless something behind the scenes has gone horribly wrong. This is HUGE! We are talking declaring economic war on a superpower, watch the markets meltdown this week.
The initial greed for offshoring has now put the IP and data into China's hands and over time we all have a losing hand. Even DJI is on the radar because they are mapping and recording everything and the data is Chinese owned. it's now the next step.
The nervous money is in China, not the US. So, flush it out and make China unstable. China have more to lose right now as a loss of investment/production would crush their entire economy.
--- End quote ---
'what an idiot'
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