Wednesday, July 8, 2015

Greek Crisis? China’s stock collapse is a much bigger problem

While everyone focuses on the crisis in Greece, China’s stock market falls apart.
China's stock market has lost more than $3 trillion in one month.
The Shanghai Composite has lost 32% since June 12th and the Shenzhen market, which has more tech companies and is often compared to America's Nasdaq index, is down 41% in that same period of time.
China has started its own “capital control” with big shareholders not being allowed to sell for 6 months.
China is taking 10 huge actions to save its stock market
Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.


Steve said...

An even bigger problem, no water everywhere. From Bangkok to Los Angles the people are learning what dry means.

Anonymous said...

regarding Argentina, what specific products surprised you with how well they held their
value in a barter economy? of course, gold/silver and food, but what were the unexpected
consumer goods for which most people were willing to trade? my wife said: high-end
women's cosmetics.