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Cold Wake Up Call for Currency Markets

PostPosted: Tue Jun 30, 2015 8:41 am
by Sam I Am
This could be a cold shower for many Foreign Currency Markets..


http://www.thestreet.com/story/13199812 ... _ven=YAHOO


Sincerely, Sam

Re: Cold Wake Up Call for Currency Markets

PostPosted: Wed Jul 01, 2015 5:56 pm
by Screw
Devilishly clever those Orientals!

Re: Cold Wake Up Call for Currency Markets

PostPosted: Wed Jul 01, 2015 6:21 pm
by phill
yup i could go for a chinese based 1 world currency
Zheng He on one note ( chinese mariner explorer )
gun powder on another note
parliament on another

who knows where it could lead

Re: Cold Wake Up Call for Currency Markets

PostPosted: Mon Jul 06, 2015 8:54 am
by Alexanders
Forex and stock markets have not reacted drastically yet, either they see it as an empty gesture to test or there is something going on back scene and big boys are sipping from the same cup

Re: Cold Wake Up Call for Currency Markets

PostPosted: Wed Jul 08, 2015 5:18 pm
by Screw
The Chinese Share market has gone into free-fall lately. Not a good sign.

Re: Cold Wake Up Call for Currency Markets

PostPosted: Wed Jul 08, 2015 9:19 pm
by aardvark_admin
The Chinese government has *plenty* of cash with which to sure it up. Instead of simply printing money like the USA did, the Chinese government *has* a *lot* of cash reserves with which to arrest the free-fall. What's more, much of that money is in the form of US dollars.

Re: Cold Wake Up Call for Currency Markets

PostPosted: Wed Jul 08, 2015 10:35 pm
by Screw
Not working so far Bruce. Their share market is still low and dropping. A cash injection only works in the short term. The Hang Seng is down 800 points (8%) and still going down after the Govt. has been pouring money into buying up to prop it up.

Re: Cold Wake Up Call for Currency Markets

PostPosted: Thu Jul 09, 2015 9:06 am
by aardvark_admin
It was *woefully* over-valued so a drop of as much as 50% would simply normalise the situation there.

Even with such an adjustment, business will carry on as usual.

Re: Cold Wake Up Call for Currency Markets

PostPosted: Thu Jul 09, 2015 9:18 am
by Screw
As long as it's not contagious Bruce, something that share markets are very prone to be. Remeber that the '29 crash started with the share market crash where it lost 32% in one night.

Fortunately I don't have any funds in the market -- it's just another Gambling Den. I have shares in a couple of companies but it's money I can afford to lose if push comes to a shove.