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25-08-2015, 10:02 AM
#101
This is China we are talking about, not a National run NZ government.
Air NZ wasn't state owned, but Labour bailed them out.
Its not if, they are, other than the listed component obviously.
China is trying to develop a fledgling market economy and has created a domestic stock market by partially listing state owned enterprises as a way to tap into markets ie. raise cash. I don't think China is about to let them fail. Also as far as I am aware the Chinese market has basically given back the 170% gains it once had. The Chinese government has plenty of ammunition such as still relatively high interest rates and masses of reserves. Something none of the major Western economies have at their disposal. They also have substantial growth, all be it perhaps slowing.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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25-08-2015, 10:04 AM
#102
Please remember everyone:
falling_knife.png
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25-08-2015, 10:27 AM
#103
Member
Originally Posted by Harvey Specter
Air at $2.53....panic on the street..
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25-08-2015, 10:29 AM
#104
and...
Even bears can get caught out with swift changes
Last edited by arc; 25-08-2015 at 10:36 AM.
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25-08-2015, 10:34 AM
#105
Member
http://www.stuff.co.nz/business/indu...nz-dollar-down
I love how Stuff are using this thread for quotes on their breaking news article!!
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25-08-2015, 10:38 AM
#106
Don't quite get the significance of the polar bear above...something to do with a bear market? The hypothetical extinction of polar bears?
Anyway this is the place to go for a good irrational panic? Hysteria? Lemming like rush? Complete lack of logic? I see Genesis is down despite a brilliant surge in profitability and dividend! NZ shares, unlike Chinese and US shares are not overvalued in terms of fundamentals.
I'm sitting on my hands, spent my dough on some more Spark before their good result and another share I won't name (a turnround prospect).
So I'll have another cup of tea and spend the morning under the bed reading Revelations (last book of the Bible) and laughing. It's a cup of tea, a walk in the park, compared to 1987....
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25-08-2015, 10:39 AM
#107
Gosh my portfolio down about 260k, still slept well last night and I'll sleep well tonight also, never been much of a sheep so not easily led to the slaughter house, mind you lambs have never been the most patient of critters
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25-08-2015, 10:41 AM
#108
Member
Originally Posted by bucko
Classic! I dare not saying anything more here in case I coin a new name like: Terrible Tuesday... Ooops!
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25-08-2015, 10:43 AM
#109
Member
Originally Posted by Major von Tempsky
So I'll have another cup of tea and spend the morning under the bed reading Revelations (last book of the Bible) and laughing.
HA! Cheers for splashing my screen with coffee
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25-08-2015, 10:44 AM
#110
Originally Posted by Major von Tempsky
Don't quite get the significance of the polar bear above...something to do with a bear market? The hypothetical extinction of polar bears?
Anyway this is the place to go for a good irrational panic? Hysteria? Lemming like rush? Complete lack of logic? I see Genesis is down despite a brilliant surge in profitability and dividend! NZ shares, unlike Chinese and US shares are not overvalued in terms of fundamentals.
I'm sitting on my hands, spent my dough on some more Spark before their good result and another share I won't name (a turnround prospect).
So I'll have another cup of tea and spend the morning under the bed reading Revelations (last book of the Bible) and laughing. It's a cup of tea, a walk in the park, compared to 1987....
Major
As an Economist can you make a comment to us non economists on the significance of Chinas massive reserves being in US Dollars in the current environment? Thanks
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