July 27, 2015
We don’t have an economist on hand here at the Daily Stormer, but as a layman I am able to inform you that this is almost certainly important.
Chinese shares tumbled more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations abruptly ran out of steam, throwing the viability of Beijing’s efforts to stave off a deeper crash into doubt.
Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that had started in mid-June.
The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen plunged 8.6 percent, to 3,818.73 points, while the Shanghai Composite Index .SSEC lost 8.5 percent, to 3,725.56 points.
China’s market gyrations have stoked fears among global investors about the broader health of the world’s second biggest economy, hitting prices of growth-sensitive commodities such as copper, which fell on Monday to not far from a six-year low.
Is a global collapse on the way?
China doesn’t even have Jews and they can’t keep their crap together.
There is a collapse scheduled for this fall, as the reader is probably aware. It happens every seven years.
And every time it’s worse than the last time.
If the global economy does take a massive downturn here soon, do you know who that’s good for?