The Ozzie $$$$$
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- Expatriate
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Re: The Ozzie $$$$$
Are you high? China's plunge has nothing to do with Greece and everything to do with an insanely over-valued portfolio where the bulls all turned to bears in an afternoon. The biggest problem has been the party's over-reaction to this minor correction... it's going to draw the pain out rather than get it over with.frank lee bent wrote:meanwhile about 20% of listings on the shanghai exchange are suspended due to a 12% free fall.
greece is the trigger.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
- Duncan
- Sir Duncan
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Re: The Ozzie $$$$$
TheGrinchSR wrote:Are you high? China's plunge has nothing to do with Greece and everything to do with an insanely over-valued portfolio where the bulls all turned to bears in an afternoon. The biggest problem has been the party's over-reaction to this minor correction... it's going to draw the pain out rather than get it over with.frank lee bent wrote:meanwhile about 20% of listings on the shanghai exchange are suspended due to a 12% free fall.
greece is the trigger.
The Chinese stock markets are still not looking to healthy, so what's going to happen. Will the Chinese start bringing some of their money back home to help their struggling business, which would make less demand for the US $, therefor the US $ dropping and helping the OZ $ rise.
Will the Chinese, being the shroud business men [ and gamblers ] they are, look at buying more Australian properties and business while the OZ $ is low.
I noticed a large 4 story building , not far from my house, and owned by new Chinese owners , has come to a sudden halt and is all locked up. All the workers were Chinese.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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- Raven
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Re: The Ozzie $$$$$
Maybe the workers are busy dealing with their Work Permit.
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