China Thread

#378
#378
Question:

I'm not very good with markets and economics. Would there be any reason for Chinese hackers to bring down the American stock exchange for a day or two in order to bolster their own exchange/markets?

I can't really think of any reason, but, then again, I'm asking the question because I don't know.

Seems very odd to me that the market glitches today, along with other major American media sites, like the Wall Street Journal. Seems like too much of a coincidence.
 
#379
#379
volprof said:
Question:

I'm not very good with markets and economics. Would there be any reason for Chinese hackers to bring down the American stock exchange for a day or two in order to bolster their own exchange/markets?

I can't really think of any reason, but, then again, I'm asking the question because I don't know.

Seems very odd to me that the market glitches today, along with other major American media sites, like the Wall Street Journal. Seems like too much of a coincidence.
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it could be the chinese but I don't know one way or the other. but with the rest of our stock options up, its only the NYSE, its not THAT big of a set back imo. if it continues i could see more credence to the idea of a hacker, but a one day pause doesn't seem to be that bad of an issue, again only in my limited opinion. Velo knows more than i do.
 
#381
#381
Velo Vol said:
China Shows How to Destroy a Market - Bloomberg View
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No one, not even a nation of 1.4 billion with a cultural history spanning 3,000 years, rises that sharply that fast.

What little I do know about economics, I have gathered that Chinese financial practices and market manipulation over the past three decades make poor American financial practices look sane.

The bottom is about to drop out of the Chinese bucket, and anyone with a modicum of economic savvy has seen it coming for at least the last couple of years.
 
#382
#382
volprof said:
The bottom is about to drop out of the Chinese bucket, and anyone with a modicum of economic savvy has seen it coming for at least the last couple of years.
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Stock market, which is not necessarily the same as its economy (though clearly that has slowed, too).

China and Russia Lay Foundation for Massive Economic Cooperation

According to experts, the Russian leadership is divided on anchoring itself so firmly to China. On one side, pragmatic technocrats within the Russian government view cooperation with China as an economic necessity given Moscow’s falling out with the West, its inability to match Beijing’s deep pockets, and the fact that Russia needs Chinese investment. But the Russian security organs remain wary of how an unimpeded China could erode Russian influence. At least for the moment, the pragmatic camp seems to winning the argument.
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#383
#383
it will be interesting to see China and Russia's interaction develop. How does Russia feel about having a new world power develop on its border, with heavy influence in the last remaining serfdoms for Russia.
 
#384
#384
In 1904, Halford Mackinder wrote that the Chinese takeover, one way or the other, of the Russian Far East and perhaps even much of Siberia was inevitable. At some point, it will happen, he claimed.

The recent cooperation between the two complicates this notion; however, recent population movements/demographics do not.
 
#385
#385
Fool me once . . . fool me again

CJ13qWGVAAAlnMI.jpg:large
 
#389
#389
#394
#394
China and Russia have very little external debt while the US has close to half of its $18 trillion held by foreigners...people living in glass houses shouldn't throw stones.
 
#395
#395
Rasputin_Vol said:
China and Russia have very little external debt while the US has close to half of its $18 trillion held by foreigners...people living in glass houses shouldn't throw stones.
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Whose holding our debt besides China and Japan? That's a couple of trillion there, who's holding the rest? I'll hang up and listen.
 
#396
#396
FLVOL69 said:
Whose holding our debt besides China and Japan? That's a couple of trillion there, who's holding the rest? I'll hang up and listen.
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The Saudis and Persian Gulf nations and the Carribean countries like Cayman Islands, Bahamas, etc. have the lion's share of the rest with of course the rest of the world that has to hold US treasuries to buy oil.
 
#397
#397
Rasputin_Vol said:
The Saudis and Persian Gulf nations and the Carribean countries like Cayman Islands, Bahamas, etc. have the lion's share of the rest with of course the rest of the world that has to hold US treasuries to buy oil.
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We can tell them to **** off, we've got plenty of oil and natural gas.
 
#399
#399
Speaking of North Korea, this seems so dumb I wonder if it's made up. But we are talking about North Korea, so . . .

How a defector from North Korea realized almost everything she learned about her country was a lie | National Post

As in many authoritarian countries, for example, Lee’s family displayed portraits of the ruling family in their home, first Great Leader Kim Il-sung, then his son and heir Dear Leader Kim Jong-il and, later, his son and heir Kim Jong-un. The government gave them a special cloth for cleaning the portraits and nothing else. The pictures had to be the most prominent in any room, hung the highest, perfectly aligned and on a wall containing no other adornment.

Once a month, Lee says, officials wearing white gloves would visit every house in her neighbourhood to inspect the portraits. If one was dusty or improperly hung, the family would be punished. It was with the portraits, one under each arm, that her stepfather emerged — blackened and coughing — after running back into their burning house, risking his life for their preservation.
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