H/t reader squodgy:
“This one has been quietly bubbling in the background since we were told a year ago that world demand was falling off a cliff……now the results are coming in……
This could trigger the US collapse in sync with Greece triggering other EU defaults and the euro collapse.
Can only be good news seeing as the alternative is financial oppression and austerity to support the banksters. Hey…a return to the Wild West!”
– The Market Detonation You’re Ignoring: “The Chinese Market Is In An All-On Crash” (SHFTplan, June 27, 2015):
With the eyes of the world on Greece and a possible collapse of the of the Eurozone as a likely end result, many are ignoring a potentially much more massive elephant in the room. It’s been the hottest market in the world, so flush with cash that they have actually built entire ghost-cities lacking populations and mega shopping centers without tenants – a clear sign of bubble waiting to be pricked. But the inevitable seems to now be taking hold as once unstoppable Chinese stock markets are now reversing the unprecedented gains seen over the last several years.
Forget Greece. We’ve seen that story before. This could be the first domino:
The Chinese market is in an all-on crash. Continue reading »