SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Amark$p who wrote (65052)8/5/2010 12:34:02 AM
From: TobagoJack  Respond to of 217652
 
at that discount level, all equity of buyers who bought within last 24 months would be wiped clean, banks would be standing, and owners treading water can keep treading water until fiat money inflation bails them out even as it clears the deck of some excess savings and resets some surplus capital

effect on economy? no where nearly as dire as the effect could be had derivatives anything and asset-backed anything else been involved



To: Amark$p who wrote (65052)8/5/2010 4:09:58 AM
From: dybdahl  Read Replies (1) | Respond to of 217652
 
I would not trust the Chinese banking system for anything. The official advice from our national bank about how to do business in China, indicates that there are serious problems with processes. If the processes don't work, you cannot assume that things are worth the numbers that are specified.

On the other hand, I guess this is how the Chinese government can ensure stability: If it is a problem that people sell X, they can prevent that process from happening smoothly.