Friday the 13th

Meria

Meria

Elder Lister
It's all going downhill
1. Asian markets meltdown
2. EPL suspended (happening in a few)
3. Aussie grand Prix in doubt
4. Friday prayers suspended in most countries
5. Hapa BBI tu
6. ...
 
Global stocks, past 24 hours. Italy: -16.6% Brazil: -14.7% Spain: -14.6% Canada: -12% France: -12% Germany: -12% UK: -10.9% US (Dow): -10% Russia: -8.2% India: -8.2% Australia: -7.3% Turkey: -7.2% Indonesia: -5% Japan: -4.4% S Korea: -3.8% HK: -3.6% Saudi: -3% China: -1.5%
 
Meria said:
Global stocks, past 24 hours. Italy: -16.6% Brazil: -14.7% Spain: -14.6% Canada: -12% France: -12% Germany: -12% UK: -10.9% US (Dow): -10% Russia: -8.2% India: -8.2% Australia: -7.3% Turkey: -7.2% Indonesia: -5% Japan: -4.4% S Korea: -3.8% HK: -3.6% Saudi: -3% China: -1.5%
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The Dow especially has taken a serious hit and the run continues this morning
 
Aviator said:
Why is China so resilient? Being the epicenter, I would expect -20%.
Click to expand...
The Chinese economy is mostly based on real manufacturing and exports. On the other hand, Western economies are based on finance, insurance, and real estate, all of which feature a great deal of speculation and paper value. In China, production continues as long as people are alive and markets are willing to absorb the production. In Western markets, the slightest rumor will get people running all over trying to salvage the paper value of their investments. Financial markets the world over are dominated by investments from the West.
 
upepo said:
The Chinese economy is mostly based on real manufacturing and exports. On the other hand, Western economies are based on finance, insurance, and real estate, all of which feature a great deal of speculation and paper value. In China, production continues as long as people are alive and markets are willing to absorb the production. In Western markets, the slightest rumor will get people running all over trying to salvage the paper value of their investments. Financial markets the world over are dominated by investments from the West.
Click to expand...
Makes a lot of sense. China produces real value. Western on the other hand has a lot of perceived value which is disturbed in turbulent times.
 
Meria said:
It's all going downhill
1. Asian markets meltdown
2. EPL suspended (happening in a few)
3. Aussie grand Prix in doubt
4. Friday prayers suspended in most countries
5. Hapa BBI tu
6. ...
Click to expand...
8a2ac8ae-1b4b-43ae-84d2-1493f97f0e24.webp

Confirmed
 
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