Black Monday

[skid]

Emerging markets are the future of the global economy...an they always will be.

I can only restate my view on emerging markets:

Its a dangerous game though as many developing countries will get walloped with increasing interest rates(us)and commodities crashing

[skid]

So now the ''circuit breaker'' has been scraped --so Fridays trading in China will go where it will--this will allow market to bounce back as the day goes on, or carry on down to who knows where--but at least it will be reality,so in a way the veil will be lifted.

[Tomtom]

So now the ''circuit breaker'' has been scraped --so Fridays trading in China will go where it will--this will allow market to bounce back as the day goes on, or carry on down to who knows where--but at least it will be reality,so in a way the veil will be lifted.

State funds pushing more money in to re-inflate prices as well.

[skid]

absolutley right TT

China’s market has stabilised, closing 2% higher. Beijing authorities are thought to have been buying up shares, in an attempt to restore confidence.

Traders were also encouraged that the yuan was fixed at a higher level today, easing fears of a currency war.But confidence in the Chinese authorities has been hit by this week’s drama: (Quote)

They (China) seem to be learning as they go..(whoops ..that circuit breaker was a bad idea) and maybe we shouldnt mess so much with our currency

big fear apparently was a currency war

They have plugged the hole in the dam---but will things go on their merry way? (the NZ and OZ market had time to react to Chinas market rise)unlike when things happen on the Dow.9US jobs report bummed them a bit--(Damn! more people got work-now they might raise interest again--who cares about the average Joe--its our portfolio that counts!)

[bull....]

State funds pushing more money in to re-inflate prices as well.

spot on manipulated stuff, Monday doesn't look to flash at the moment 2% fall aus, nz a guess at 1%

I was lucky to fade the manipulated bounce on Friday

[skid]

I suppose China is like an adolescent (in economic terms)which is experiencing ''growing pains'' as it tries to make the shift from childhood to adulthood

from the guardian

It should be no surprise that a rapidly growing industrial economy such as China’s is drifting into choppy financial waters. The advanced economies faced similar challenges at corresponding stages in their development. But, in coping with the consequences of financial turbulence, the advanced economies often suffered significant losses of output relative to potential. The Beijing authorities are professedly seeking to change China’s economic growth model from one which depends on exports and capital investment to one more firmly based on domestic consumption. But they may be over-estimating the extent to which politicians can choose how their economies grow. Since curbing growth in some sectors is usually easier than boosting it in others, the danger is that the attempt to re-orient the economy will result in overall weaker growth This is one reason, which seems to be widely acknowledged, why China’s future growth could well fall short not only of recent rates but even of the Beijing authorities’ more conservative projections for the years to come.

[percy]

I expect the slow down in China to gather pace as 50,000 Chinese holidays makers will shortly land in NZ.
With say a $4,000 average spend China is going to be $200 mil worse off.
Adding to this problem these holiday makers will return to China with suitcases full of Comvita honey and Trilogy beauty products.
Do Air NZ and THL have enough planes and camper vans to cope with the demand?

[skid]

I expect the slow down in China to gather pace as 50,000 Chinese holidays makers will shortly land in NZ.
With say a $4,000 average spend China is going to be $200 mil worse off.
Adding to this problem these holiday makers will return to China with suitcases full of Comvita honey and Trilogy beauty products.
Do Air NZ and THL have enough planes and camper vans to cope with the demand?

The Chinese Gov. is making mistakes ATM but they still call the shots--They may well put a stop to that(Chinese taking their dosh out)--after all,domestic consumption is what they are aiming for--Watch this space (but it wont happen over night)
Meanwhile we should be thanking our lucky stars we are not an oil and natural resources based economy--Oz may be in for a rough ride.

[percy]

The Chinese Gov. is making mistakes ATM but they still call the shots--They may well put a stop to that(Chinese taking their dosh out)--after all,domestic consumption is what they are aiming for--Watch this space (but it wont happen over night)
Meanwhile we should be thanking our lucky stars we are not an oil and natural resources based economy--Oz may be in for a rough ride.

Looks as though NZ is now "the land of milk and honey."
The future looks very bright for NZ listed companies.

[stevevai1983]

I expect the slow down in China to gather pace as 50,000 Chinese holidays makers will shortly land in NZ.
With say a $4,000 average spend China is going to be $200 mil worse off.
Adding to this problem these holiday makers will return to China with suitcases full of Comvita honey and Trilogy beauty products.
Do Air NZ and THL have enough planes and camper vans to cope with the demand?

NZ is one of the top holiday destination thanks to lord of the ring and hobbits movie.
the only disadvantage is the travel distance and air ticket is very expensive. if NZ is closer to china (e.g 3~5hours flight instead of more than 11hours..) then the traveler number could be easily tripled.
and yes we do buy lots of honey and beauty products, wool products.....oh and clothes like icebreaker :P