The Biggest Market Crash Since 2008 Just Hit Asia – Is the U.S. Next?

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[christopherdrake]

Biggest crash sure, but last week we seen biggest increase in China. So the headline is deceiving.

[thomhall]

This from Zero Hedge, In September the Government added 785, 000 employees the Highest monthly total since WWII!! In 1950 there were 3 private workers for every 1 Government workers. Now the number is 18 government workers for every private worker. There are currently 22 million people employed by the government - 😢.

[Carlos-imhn]

Someone threw a BRICS at the paper tiger ?

[teamstroke]

What your not saying is that it went up 30 % before hand so a 10 % pull back is bullish to the 38Fib? headline grabbing nonsense I'm afraid :(

[rolandbraun]

When global trade declines as much as it is at present it can only mean two things :1)Consumer spending is down and unsold inventories are still too high 2) More resources are redirected to industries that will replace the imported products !!
The usual consequences are increasing lay-offs and lower job openings !! More people will apply for unemployment and other welfare services and businesses will also be forced to reduce prices !! A deflationary period ensues unless the government decides to stimulate the level of economic activity through the Fed via Q.E. or greater fiscal deficits. The unintended consequences in these government and Fed measures become extremely difficult to predict !!

[kneedshiner]

Here are some ways to cope with a bad day:
Connect with nature: Spend time outdoors or near skyscrapers
Listen to music: Play your favorite music or create a new doomsday playlist
Cook: Make or order your favorite meal like burnt cookies
Get crafty: Try a hands-on activity like trimming
Plan something fun: Look forward to something relaxing or fun to do in the future like the economy falling apart
Don't deny your emotions: Let yourself feel your emotions

[chriswinchester]

Good job on painting the picture and putting it all together for me, that's what I'm doing, start saving and not spending. It's tight out here.

[briannielsen]

The biggest problem is the governments of the world try to micro manage the economy instead of allowing the citizens that have money to control the economy.

[Chiefkahuna]

I really think the Market will sort this all out. If China wants to be capitalistic, and oppose the US at the same time. Then they will have to learn the hard way. If they are able to learn.

[shaundonovan]

If you listened to this guy and bought bonds you are broke.

[robert]

today was a Trainwreck in the markets . good thing I was on the sidelines waiting ... I haven't lost a cent but at same time I'm ready to pounce on the dip 💪

[NativeAmerican]

I never got in so now I don't have to get out NOWWW!!!!

[yiguangshi]

Spoke to a friend who has lots of assets in China. He told me he is taking advantage of the Chinese government stimulus to unload his assets. He said that many others are planning to do the same.

[racerx]

I watched it last night on market futures. Went from -7 to -10%

[ugensky]

Fleeing Chinese markets will result in diving into US markets😉

[biffgoody]

Been smelling like Teen Spirit for last 6 months or so.Grunge.

[xx]

I said months ago the S&P would sort of hit a wall around 4500 and it got to 4800 then down to 4100 and now pushing back to 4800 but with what liquidity? Debt and inflation is eating everyday..

[renscience]

I used to go to all the places shown in the China Observer channel. Used to be wall to wall business. Today? Empty. Massive layoffs. People have left the cities. Real estate down turn there is much bigger than 2008. It will head around the globe!

[JM-gutx]

Can we get more insights of how the Chinese market is connected to other markets in Asia, please? People need to see the big picture.

[lifethetragiccomedy]

Makes me feel better about being down $8 in the American market today. Perma-bear here. Dodged a bullet.