CHINA

01.05 21:00 ET BREAKING NEWS: China Blinks, Rescinds Order Allowing Large Equity Bloc Trading on 01.09

by John Galt January 5, 2016, 2015 21:00 ET Translated via Google: Holdings of major shareholders of listed companies in the way of new regulations frequently locked holdings 2016-01-06 07:48:21 Source: China Securities Network [Editor’s note] as a response to abnormal fluctuations in the stock market last year major shareholders of listed companies, one of a package of emergency policy “ban reduced order” will expire on Friday, came out trillions of restricted shares centralized rumors orders index, investor sentiment both under pressure. Plate before yesterday, the Commission issued information that the…


01.04.2016 Won Ton Deathburger Alert: Shanghai SSE Plummets 4% in Minutes – Drags US Futures Down

by John Galt January 3, 2016 21:40 ET Here it is an innocent first night in 2016 trading with Iran and Saudi Arabia fighting over the same camel (it’s sexual this time) and of course US equity index futures originally opening higher this evening. Then Asia opened. Then oops. The Shanghai-SSE opened down then in a matter of less than 4 minutes plummeted down 4% on pretty heavy volume and now has recovered as of this posting to around -3.30%. That of course took an already fragile Japanese market down further…


The Mafia Expands: Micheal Bloomberg, Henry Paulson, Tim Geithner to Control US Trading of China’s Currency

by John Galt November 30, 2015 19:10 ET Remember the “Great Recession” and the Housing Crisis of 2006-2010? Good news boys and girls, two of the men directly responsible for preventing and enforcing the laws, rules, and regulations which could have stopped or lessened the impact of the financial crisis which came within hours of destroying the United States financial system have been given a reward: They are both now co-chairs of a committee led by the corrupt former Fascist mayor of New York, Micheal Bloomberg which will control Yuan trading…


Days After Japan Increases Troop Levels, Chinese Jets Fly Near Okinawa

by John Galt November 28, 2015 08:55 ET Just days after the Japanese military announced a new round of deployments in the disputed Senkaku Island region (see: Japan to Deploy More Troops Near Disputed Senkaku Islands ), China has decided to test the mettle of the Home Defense Forces by sending their bombers on a probing run through the Miyako-Okinawa Islands. From the South China Morning Post earlier today: Japan scrambled jets after 11 Chinese military planes flew near southern Japanese islands during what Beijing said was a drill to improve…


Japan to Deploy More Troops Near Disputed Senkaku Islands

by John Galt November 24, 2015 23:30 ET In what can only be seen as a move to antagonize the Chinese government and military, the Japanese government announced that they would be deploying 500 more Ground Self-Defense Forces (GSDF) into the Senkaku Island region near Okinawa. While this might seem as a non-provocative move under the guise of United States mainstream media reporting, in China this will be viewed as a forward deployment of offensive military forces near islands which they claim as their own. The Japanese perspective is quite different…


11.15-11.16 Deathcrepe Asia, European, US Marketwatch: Nous Somme Français

by John Galt November 15, 2015 10:15 ET 11.15 19:05 ET – Japan enters into recession in Q3. Nikkei 225 now down 1.71% but don’t worry, be happy! 11.15 18:05 ET – Dow Futures open up – 129. Not that bad, not that good. But the night is young…. ———————————————————————— This will be an open thread, updated throughout the afternoon and evening to cover the ongoing market turmoil, which just became more tumultuous, as the world reacts to the cratering global economy and the upcoming start to World War III which…


The Obama Armistice is America’s Final Surrender

by John Galt November 9, 2015 22:15 ET The Democratic Party in the United States is in grave trouble. Historically, whenever they wished to push the Constitutional envelope or retrieve power from the opposition as the nation was sliding into the brink, the Democrat who was President of the United States resorted to the one tried and true formula since the early 1900’s to empower their party and expand the authority of the Executive Branch: War. If anyone honestly reviews American history since 1910, the pattern is replete with incidents to…


09.10 DEATHBURGER MARKET WATCH: After an Ugly US Close, Asia Tries to Out-Ugly American Markets

by John Galt September 9, 2015 20:30 ET Here we go again. The US markets had what can only be called a key reversal day as the rally was about 200 points to the upside on the DJIA and suddenly Apple (AAPL) had their conference on their new products and iPooped on investors worldwide. After the conference began, markets sold off but in the last hour, they cratered to close 236 points lower. Just after 5:30 p.m. ET  the Reserve Bank of New Zealand cut their Official Cash Rate from 3.0%…


After a Minor Drop Today, Markets are Pointing to a Nuclear Spaghetti Monkey Rally on 9/2

by John Galt September 1, 2015 20:15 ET Have no fear, the nuked up spaghetti monkey is here. Meaning that the Fed’s pump monkeys along with the ChiComs, Japanese, South Koreans, and other fools will pump this sucker up with bullcrap like the picture above: (charts courtesy of FinViz.com)  S&P 500 the same path sort of: Meanwhile in WTI Crude Oil land: Man, that’s ugly. Should anything major occur I’ll start up a new thread but for tonight, I would like to get some sleep. Thus, ignore reality and focus on…


China’s Communist Party Continues Hammering CITIC – 2 More Arrests for Short Selling

by John Galt August 27, 2015 21:30 ET The hunt for blame continues in China for the recent 40%+ crash of the stock markets and your Christmas decorations for 2016 might well be made by a former executive of the Chinese equivalent of Goldman Sachs. CITIC had two more executives arrested for “malicious short-selling” according to the South China Morning Post. If this were America and people were actually arrested for illegal short selling, aka, “naked” short selling, then we would have half the Federal Reserve’s member CEO’s brought up on…


08.26 Asia and U.S. Deathburger Marketwatch: Will the Carnage Continue?

by John Galt August 25, 2015 17:25 ET UPDATED 21:10 ET: And just as I praised the Kiwis, the NZ-50 goes negative. Who do they think they are? The Dow? Meanwhile in Australia, Japan, and South Korea things are starting to look as confused as US markets: Australia S&P/ASX 200: Japan’s Nikkei 225: South Korea KOSPI: UPDATED 18:30 ET: And for some strange reason, the Kiwis are drinking the Kool-Aid as the New Zealand NZ-50 is up on the open! They must be smoking all that wool, no other explanation. ——————————————————————-…


08.25 Marketwatch: World Economic Leaders say All is well, Remain Calm

by John Galt August 24, 2015 19:45 ET If you fail to obey this edict, our Emperor will stomp on you with his plastic golf spikes while wearing his mommy jeans AND beat you with his putter. UPDATED 09:45 ET: This will not look good on a resume. Or your portfolio. Or any Fed bankster’s portfolio. Wow, Shanghai opens down 6%+!!!! UPDATED 09:15 ET: Singapore’s STI opens all over the place: Shoddy Chinese-Made Stock Market Collapses NEWS IN BRIEF August 24, 2015 SHANGHAI—Proving to be just as flimsy and precarious as…


08.24 US & World Markets: Just Holy Flirkinschmidt $1 Trillion in Market Value Wiped out so far

by John Galt August 23, 2015 23:00 ET Think about this: $1 trillion, that’s $1,000,000,000,000.00 PLUS wiped out in just 6 hours of trading tonight. Without US markets being open. I haven’t seen a disaster like this since I was on a sailboat in October 2008 and the S&P 500 traded limit down. Just wow. The carnage is incredible. Hopefully some of you fools listened to the warnings over the years.


08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…


In Desperation Move, China Allows State Pension Fund to invest up to 30% into Stock Market

by John Galt August 23, 2015 17:45 ET The desperation of the Central Planners of the Communist Party in China (and on Wall Street) is beginning to shine through once again in 2008 fashion. Today, per the South China Morning Post, this bit of news spells out the panic in Beijing: The State Council said on Sunday that it will allow China’s pension fund to invest up to 30 per cent of its total 3.5 trillion yuan in net assets in equities and stocks, a likely bid to support the flagging…


08.21 15:45 ET US Markets Update: It’s, It’s, a Ballroom Blitz

by John Galt August 21, 2015 15: 45 ET Most of you are too young to remember this awesome tune: Well, maybe not that awesome but the markets now know what it feels like again to get hit by the 2008 of a full blown NFL style blitz again. The S&P 500 is well below its 200 DMA and tanking below psychological support at 2000:   Oops, wrong chart. Here we go (prices delayed 15 mins, via YahooFinance): Next stop on the downside should be around 1830-1835. Another indication of the…


08.21 ASIAN, EURO AND U.S. Deathburger Marketwatch: Let’s Eat!

by John Galt August 20, 2015 21:25 ET Yeah, tonight is in a word, er, BRUTAL in Asian markets: Japan: Australia: Singapore: Meanwhile in US futures markets: Yeah, gold is still going nuts…   We’ll see how the Chinese PPT behaves tonight in about 20 minutes. They had best buy every damned thing in sight or we are going to witness one nasty day on Wall Street and in Europe in about 12 hours… UPDATE 21:32 ET – NOT A GOOD SIGN THUS FAR – CHINA DOWN ALMOST 1.5%!!! Shanghai SSE…


Chinese Central Bank fails to Stem Further Stock Carnage as Shanghai down 3.42%

by John Galt August 20, 2015 05:15 ET The PBOC is losing its mojo. Despite a now two week long effort to stem selling in the Shanghai SSE and by extension dissuade selling in Hong Kong of Chinese shares there, the equity markets continue to plummet with the Shanghai markets down 3.42% and Hong Kong Hang Seng’s index down almost 2%. Shanghai SSE: The rally in the morning failed as the lip service paid to the market failed to impress and the market ended down almost 130 points. Meanwhile in Hong…


08.18 21:30 ET BREAKING NEWS: Chinese Stock Markets Continue to Crash Down over 2.5% on the Open

by John Galt August 18, 2015 21:40 ET So much for the PBOC (People’s Bank of China) fixing this with $40 billion spent on equities. The open this morning is brutal as displayed below: This could be another ugly day if we have a follow through decline on top of the 6.15% decline yesterday. (prices delayed 15 mins) Now the breaking news is that the Vietnamese Central Bank has devalued their currency, the Dong, by 1% to keep pace with the Chinese, Malaysian, and Indonesian devaluations as the currency war accelerates….


While you were Asleep, the Chinese Stock Market Crashed 6.15%

by John Galt August 18, 2015 05:15  ET The experts all hailed the PBOC’s fix of their equity markets. Until of course it doesn’t work which would be today. The close was just plain ugly and appears to indicate that gravity has re-asserted itself with Chinese stock prices: The big news was a decline of 4.3% in industrial production in July from another decline in June. This indicator is viewed as a slow down in the Chinese economy but in reality is reflective of the US and European economies also starting…



08.03 Here we Go Again: August Opens with Shanghai and Asia Down, Down, Down

by John Galt August 2, 2015 22:00 ET Here we go again gang so buckle up, it’s going to be a wild month… The Nikkei 225 is crawling down the ladder, as of this posting down about 3/4 of a percent (all charts via YahooFinance): The Shanghai SSE opens down a hard 1.4% and apparently ready to move even lower if the Beijing government doesn’t start buying more stocks soon: Hong Kong’s Hang Seng opens down 1.4% plus also: Lastly, and not a sideshow, Taiwan opens down almost 2%: In the…


Signs, Signs, Everywhere a Sign, Economic Signs, and More Bad Signs

by John Galt August 2, 2015 13:30 ET   And not the kind of signs in the headlines one wants to see if they think the economy is going stay “strong” for much longer. For example, on Friday the headlines directly contradicted the triple washed super duper electrochemically re-calculated GDP figures from the previous day: US wage growth falls to record-slow pace in Q2 Consumer sentiment hits lowest since May Of course the used car salespeople masquerading as journalists on the financial broadcast networks don’t want you to see this story…


The Ultimate Guide to the Doom and Destruction for the Rest of 2015 Part 3: Domestic Terrorism

by John Galt July 29, 2015 21:30 ET One night, my readers might be sitting at home enjoying a movie via one of the streaming services on television when suddenly the power goes out. Being prepared for almost anything,  the reader first grabs his or hers cell phone, turns on the flashlight app and moves to the kitchen where more flashlights and candles are ready to go in a drawer. Then the ultimate prepper goes to the emergency phone list on his or hers refrigerator to telephone the power company when…


07.27-07.28 Asian Deathburger: Chinese Stock Market Opens DOWN 4% No Sweet, Just Sour

by John Galt July 27, 2015 22:15 ET This screenshot from Bloomberg TV-Asia says it all: The reason for all the red on the screen? Shanghai strikes again, opening down as far as 4.51% but recovering slightly at the top of the hour: The 15 minute delayed chart from YahooFinance is ugly as are all Asian-Pacific markets this morning: The Hang Seng in Hong Kong is slightly better but then again they like to sell hard in the afternoon session: Australia and South Korea are not doing so well either: Last…


The Ultimate Guide to the Doom and Destruction for the Rest of 2015 Part 2: World War

by John Galt July 27, 2015 21:40 ET 2. World War III World War III appears to be on the horizon with some postings around the internet speculating it could start in the magic time frame of September or October of this year. Of course, I have warned what would happen if there was an outbreak of war between the United States, Russia, and China. But this could pale in comparison to everything else which the United States and world as a whole could endure before this year ends. The unfortunate…


07.27 Chinese Markets Implode as Shanghai SSE Crashes Over 8%

by John Galt July 27, 2015 05:20 ET (chart courtesy of YahooFinance) The 8.28% collapse in Shanghai shares caught many by surprise overnight as there was no indication at the open of the session that the Communist government was going to permit any major action in the trading. Then suddenly after the lunch time break, there was a sharp decisive sell off taking the market down almost 300 points in just a little over 2 hours. The paper wall to prevent selling appears to have collapsed and a retest of the…


The Ultimate Guide to the Doom and Destruction for the Rest of 2015 Part 1: Economic Collapse

by John Galt July 26, 2015 18:00 ET 2015 could well be known as the year where we who were lucky, or unlucky, enough to survive may  have the opportunity to mark the beginning of the end of mankind’s civilized era of the past three hundred years as we know it. Pax Americana of the past 70 years also could become easily, the Iron Curtain of America as our society implodes as a result of events overseas, domestically, and worse, natural disasters warned about in the past, yet never properly prepared…


In the Fiction Department of your Local Library Tonight: Chinese GDP Unchanged at 7% for 2nd Qtr

by John Galt July 15, 2015 20:30 ET With all of the Greek drama as they bend over and satisfy the Germans, the Chinese drama returned with a vengeance and a 3% drop in equities overnight: So tonight’s action becomes crucial because a breakdown below the 3,500 level means that the “rally” of those stocks still allowed to trade was a shallow and hollow as most outside observers expected. Now that the situation gets dicey again with last night’s action it was time for the Chinese Communists to head to the…


07.12-07.13 Deathburger Marketwatch: Greece fires and Chinese CONfusion means Disaster for Investors

by John Galt July 12, 2015 16:45 ET It is going to be one of those nights. Here is your Euro quote from just a short while ago, courtesy of NetDania: Yeah, the traders appear to agree with me. There is no way Greece surrenders to Germany AGAIN! More to follow as this is going to be one of THOSE nights for sure. Time to go fold up the ground beef and fire up the grill…. 19:15 ET UPDATE – Oh What a Night! A perfect song for tonight…   And…


07.09 Asian Market DeathWatch: Sweet and Sour Expectations

by John Galt July 8, 2015 19:25 ET Now that the Grexit crisis has been solved with a request for €50 billion over 3 years to pay back the €50 billion coming due this year, the concerns switch from the mad hacker, er technical glitch on the NYSE and over to Asian markets which have been anything but dull lately. New Zealand starts the party in a not so sweet way, down 1.07% at the open: (chart courtesy of Bloomberg.com) Stay tuned as news leaks out and futures start to move…


No Picture

The Nightmare Crash No One Talks About

August 16, 2007 By John Galt Twas the night before football And all through the house, Most Americans were stirring, Even the mouse. As we screamed Go Bucs While others “go Colts” The stock markets were crashing Because of the dolts. As we chanted and sang, A terror hit a guy named Chang, As the something in Shangai Went Boing and then Bang! The markets were churning, But we did not care, Kudlow was crowing, ”Don’t worry Ben’s there!” Then all of the sudden, With a violent thrash, The speculative bubble…


07.08 DEATHGYRO Marketwatch: CHINA CRASHES AT THE OPEN (21:45 Update)

by John Galt July 7, 2015 21:20 ET Uh oh, here we go again as the Deathburger has now mutated into a Deathgyro with the deadline extended until Sunday night for a Greek deal and rumors all over the internet that the deal the Greek Prime Minister will submit tomorrow is a non-starter even though no one has seen it. Thus the media has stories warning like this one from Ambrose Evan-Pritchard’s excellent piece in the UK Telegraph where he reports the following: “They were trying to strangle us into submission,…


The Only Stock Market which Matters Tonight is Floundering Again

by John Galt July 6, 2015 22:05 ET If the Chinese equity markets poop the bed tonight and the coordinated intervention fails to prevent a 2% or larger decline we could see a major shift in global markets from correction to crash mode almost instantly. The attempted intervention to inject about $8.3 billion per day into the markets highlighted in the Tweet above, apparently has not helped as of the open in Shanghai tonight: (Chart courtesy of YahooFinance) Should there be another severe break overnight, like the initial market open, the…


Greece Isn’t the Problem and the International Bankers Know It

by John Galt July 6, 2015 05:20 ET This morning the so-called Greece crisis has entered its final phase and the futures markets reflect this at about 5 a.m. Eastern Time: (courtesy of FINVIZ.com) The Greek government has won the support of the people to take whatever course of action is necessary and the world appears to be wringing its collective bankster hands that this is the “big one” and the Ponzi scheme known as print and pray is about to come to an end with a small nation threatening to…


How America Loses World War III to Russia

Without a Nuclear Weapon ever Being Used by John Galt June 27, 2015 21:40 ET I would like to present a fictional prospect that could easily become reality should a major conventional conflict with Russia begin:  The crowd gathered inside the Walmart Supercenter was in utter shock. All of the television sets had been switched to various news stations reporting on the horror of what the President labeled as naked Russian aggression and murder just hours after he succeeded in obtaining a declaration of war on Russia. As the individuals started…


70 Years Ago this Week World War II Ended and Obama Celebrated by…

by John Galt May 10, 2015 13:05 ET 70 years ago this week, World War II ended for the Western allies along with hostilities between the USSR and Germany officially coming to a close. On May 8, 1945, also 70 years ago the war ended between the Western powers lead by the United States, Great Britain, France, and our allies. President Barack Hussein Obama celebrated by guess what? Before I review the President’s busy schedule, let us take a peek at how Russia’s victory parade was celebrated with the leaders of…


IMF set to Declare Chinese Yuan Fairly Valued as De-Dollarization of the World Accelerates

by John Galt May 04 2015 01:45 ET While most of America is focused on a radical terrorist attack on Americans in Garland, TX, the bigger news came from the International Monetary Fund via the Wall Street Journal tonight which could only be equated to a 9.9 earthquake on the financial Richter scale: IMF to Brighten View of China’s Yuan Fund on verge of declaring China’s currency fairly valued for the first time in more than a decade The story by Ian Talley of the WSJ seem innocuous enough. However some…


5 more Nations Start to Flee the US Dollar by Joining China’s New AIIB Bank

by John Galt April 12 2015 2o:20 ET The disaster which will soon become the joke of the world known as the US Dollar witnessed 5 more nations deciding to flee and take up China’s offer to become founding members of the new Asian Infrastructure Investment Bank. From Xinhua earlier today: AIIB accepts 5 more prospective founding members BEIJING, April 12 (Xinhua) — The Netherlands, Brazil, Finland, Georgia and Denmark have been approved as prospective founding members of the Asian Infrastructure Investment Bank (AIIB), the Ministry of Finance said on Sunday….


Russian Su-27 Almost Collides With US Spy Plane over Baltic Sea

by John Galt April 10, 2015 19:40 ET As the United States administration starts to ramp up for the upcoming World War against Russia and its allies, the Russians have sent another message to the United States Air Force using their old Cold War style of near misses to scare the crap out of our pilots in areas near Russian air space or interests. Breaking tonight from the Washington Free Beacon tonight: Russian Fighter Jet Nearly Collides with U.S. Spy Jet Over Europe This is nothing new but the frequency of…


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