Jul 28

Wall Street Still Didn’t Get The Memo—–China’s Done, Tops In! (David Stockamn’s Contra Cormner, July 28, 2015):

Bubblevision’s Scott Wapner nearly split a neck vessel today denouncing the US stock market sell-off. It was completely unwarranted, he thundered, because China don’t have nothin’ to do with anything.

The collapse of red capitalism in China is exporting gale force deflation to the global economy, meaning that the already evident rollover of world trade is just beginning its descent.

So S&P profits are not immune, not by a longshot. One of these days, perhaps soon, even Scott Wapner will get the memo.

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One Response to “Wall Street Still Didn’t Get The Memo – China’s Done, Tops In!”

  1. Marilyn Gjerdrum Says:

    I think the real Wall Street knows, it is just the rubbish they are promoting on their websites and TV channels……still selling China to any credulous sucker…………
    Financial sites like Bloomberg used to pitch a more truthful news section……..but no longer. Greedy guts now control them, too, and they have no regard for investors. They have control of the huge funds on Wall Street, and they have total contempt for the real investors……..
    S&P members are already cutting dividends, read my post from early this morning…….
    Nobody is immune to the Chinese markets, they have spent the last 25+ years bonding with the Chinese government and stock market. Now, the results are flying home, and the sight isn’t pleasant to behold.
    The world looked to China to rescue them from the crash of 2008……Well, we see how well that worked out.
    Out of 200 million working age Americans, 93.6 million suffer long term unemployment…..that means they are not being counted by the mendacious statistics promoted by the US government. They are dropped and forgotten, nobody gives a damn, except for those who continue to lose market share every month…….like retail…….Oh well, just keep lying……that will not work much longer. The gaseous mendacity is running out of air.
    The so-called global economy is out of fuel……..Nobody wants to acknowledge that truth, because to do so indicates all the lies were told in vain.

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