economic meltdown (1 Viewer)

[7 - No tomorrow]

S&P down 4% in half an hour.

Good golly.

 

[тхеодоре кацзынски]

OH HAI THREAD

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enjoying the guardian today

Dow Jones plummets 1,000 points after China panic - live updates | Business | The Guardian

God, remember 2008? Good times

That's both exciting and scary. People have been talking of China imploding for a while now, let's hope its not as serious as it seems to be.

 

[7 - No tomorrow]

That's both exciting and scary. People have been talking of China imploding for a while now, let's hope its not as serious as it seems to be.

Well, they've tried devaluing the currency

Now they're flooding the economy with cheap money

Also, there's a strong feeling that the govt data is unreliable anyway

I don't think this ends well

 

[тхеодоре кацзынски]

Maybe if we say "soft landing" enough it'll all be ok.

 

[Lili Marlene]

The economic pieces have been rolling out over the past few hours, this one paints a dark picture but makes a lot of sense to me

Market turmoil is yet another lesson in need for international policy cooperation | Business | The Guardian

edit: ha! published yesterday

 

[hydromancer]

 

[7 - No tomorrow]

S&P has steadied a bit. Down 1% or so on the day.

Foreign markets a bit fucked.