A bad day at Red Rock..stocks down

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  • dryheat
    Senior Member
    • Sep 2009
    • 10587

    #1

    A bad day at Red Rock..stocks down

    Has some connection to China somehow. Dow dn 700 NAS dn 400
    If I should die before I wake...great,a little more sleep.
  • Roadkingtrax
    Senior Member
    • Feb 2010
    • 7835

    #2
    They are having their own version of 2007.

    Lehman Brothers = Evergrande

    Credit default swaps, and foreign banks have invested. No US taxpayers to protect our domestic banks from poor investments though.
    "The first gun that was fired at Fort Sumter sounded the death-knell of slavery. They who fired it were the greatest practical abolitionists this nation has produced." ~BG D. Ullman

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    • dryheat
      Senior Member
      • Sep 2009
      • 10587

      #3
      Credit default swaps. I don't like that Raymond.
      If I should die before I wake...great,a little more sleep.

      Comment

      • dryheat
        Senior Member
        • Sep 2009
        • 10587

        #4
        Markets back up. You always get a couple of warning shots.
        If I should die before I wake...great,a little more sleep.

        Comment

        • togor
          Banned
          • Nov 2009
          • 17610

          #5
          I think the deal in China was you can't own the land but you can own a condo. So industrious savers have plowed money into condominiums that nobody lives in, veritable ghost cities.

          Spooky

          China's rapid urbanization has backfired, leaving behind enormous — and uninhabited — cities.
          Last edited by togor; 09-22-2021, 09:59.

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