Goldman Sachs Group Inc. advised ...

Stopped reading right there.

Cubansaltyballs: Well, you better sell now. If GS is recommending them, that means:

1) The stocks are dogsh*t
2) Goldman has a huge stake in them
3) They need to pump the price so they can dump them at a profit

This. And also, there have been a lot of accounting scandals involving Chinese companies -- and they generally face less scrutiny than publicly traded companies in the developed world.

PC LOAD LETTER: I'm living on Chinese stocks
All my best things are in hock
I'm living on Chinese stocks
Everything is in the pawn shop

Nice!

China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.

Why should anyone trust a word from the unproductive leeches at Goldman Sachs, or any other Wall Street resource-skimming operation?

Chinese torture socks?

/remember!?

Me Chinee
Have tiny cock.
Me make pee-pee
In your stock.

AcneVulgaris: China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.

This is going to be fun to watch...from a safe distance.

StoneColdAtheist: AcneVulgaris: China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.

This is going to be fun to watch...from a safe distance.

In the world of globalized capitalism and obscured debt obligations, there is no such thing as a safe distance.

Arkanaut: Cubansaltyballs: Well, you better sell now. If GS is recommending them, that means:

1) The stocks are dogsh*t
2) Goldman has a huge stake in them
3) They need to pump the price so they can dump them at a profit

This. And also, there have been a lot of accounting scandals involving Chinese companies -- and they generally face less scrutiny than publicly traded companies in the developed world.

Excuse me? I think you meant to say that Chinese companies are unfettered by the job-killing regulations that plague American businesses.

It's a damn shame that the ChiComs have more economic freedom than Americans. Thanks for nothing, Fartbama!

PlatinumDragon: StoneColdAtheist: AcneVulgaris: China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.

This is going to be fun to watch...from a safe distance.

In the world of globalized capitalism and obscured debt obligations, there is no such thing as a safe distance.

What do you mean, 'no such thing as a safe distance'? I live on acreage out in the country with critters to eat, fruit trees and a big garden harvested, and a year-round creek to haul water from. I'm safe. All you other guys? Maybe not so much... ;)

Parthenogenetic: Excuse me? I think you meant to say that Chinese companies are unfettered by the job-killing regulations that plague American businesses.

It's a damn shame that the ChiComs have more economic freedom than Americans. Thanks for nothing, Fartbama!

They have more freedom of speech too. You can bribe any official you want, without having to go through any of this "SuperPAC" nonsense!

StoneColdAtheist: I live on acreage out in the country

That you own outright, don't have to pay property taxes on, and have no Utilities?

The Homer Tax: StoneColdAtheist: I live on acreage out in the country

That you own outright, don't have to pay property taxes on, and have no Utilities?

What do any of those have to do with China's coming economic meltdown?

AcneVulgaris: China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.



It certainly will not be pretty.

I wonder how much Goldman has shorted Chinese stocks while at the same time telling people to buy more.

StoneColdAtheist: What do any of those have to do with China's coming economic meltdown?

The post you were responding to was stating that there was "no safe distance" in a world of globalized economies and outsourced debt obligation. You implied that living on land in a rural area was a safe distance, but the reality is that you probably owe money to someone. That someone probably owes money to someone else, or is leveraged somewhere, or has shares in something that could be affected by it. And if they don't, one of those people they are involved with probably does.

It's all a giant, interconnected web, and no one is really safe. You might be safe for this particular looming crisis, but that's mostly because of luck, not the fact that you live in the middle of nowhere.

The Homer Tax: StoneColdAtheist: What do any of those have to do with China's coming economic meltdown?

The post you were responding to was stating that there was "no safe distance" in a world of globalized economies and outsourced debt obligation. You implied that living on land in a rural area was a safe distance, but the reality is that you probably owe money to someone. That someone probably owes money to someone else, or is leveraged somewhere, or has shares in something that could be affected by it. And if they don't, one of those people they are involved with probably does.

It's all a giant, interconnected web, and no one is really safe. You might be safe for this particular looming crisis, but that's mostly because of luck, not the fact that you live in the middle of nowhere.

I'm so confused right now.

What aren't you sure that I'm serious about?

You don't honestly think that if you live in a relatively remote physical location, but owe money to someone, you're "safe" from the workings of the global economy, do you?

We're all in agreement then.

Obvious

/subby

StoneColdAtheist: PlatinumDragon: StoneColdAtheist: AcneVulgaris: China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.

This is going to be fun to watch...from a safe distance.

In the world of globalized capitalism and obscured debt obligations, there is no such thing as a safe distance.

What do you mean, 'no such thing as a safe distance'? I live on acreage out in the country with critters to eat, fruit trees and a big garden harvested, and a year-round creek to haul water from. I'm safe. All you other guys? Maybe not so much... ;)

When the starving mobs head out to the countryside in search of food, you're going to have thousands of new friends. More friends than bullets.

PlatinumDragon: StoneColdAtheist: AcneVulgaris: China's housing bubble is starting to pop. They're gonna go down like a 3 dollar whore.

This is going to be fun to watch...from a safe distance.

In the world of globalized capitalism and obscured debt obligations, there is no such thing as a safe distance.

Zing!

FWIW, housing in China has gone down by about 0.5% in the last month, so no need yet to start boning up on brains' recipes.

Rule of thumb: whatever the Vampire Squid recommends to the general public, do the opposite.

The Homer Tax: I'm so confused right now.

What aren't you sure that I'm serious about?

You don't honestly think that if you live in a relatively remote physical location, but owe money to someone, you're "safe" from the workings of the global economy, do you?

Oh, for crying out loud. What part of "All you other guys? Maybe not so much... ;)" did you not get?

Cubansaltyballs: NewportBarGuy: What? I just loaded up. They are my retirement package.

Well, you better sell now. If GS is recommending them, that means:

1) The stocks are dogsh*t
2) Goldman has a huge stake in them
3) They need to pump the price so they can dump them at a profit

Or

1) They made speculative bets on them with money borrowed from the fed


Their plan will only work because there are still a few morons out there that think GS knows what they're doing and trust they are giving sound advice. Truth is, they will ONLY do something if it benefits them. If they say buy XYZ, you should look really carefully at why they are saying that.

GS does know what they are doing, but unfortunately, their recommendations aren't designed to help you get rich, they are designed to help them get rich. Wouldn't be surprised to learh there is a division of Goldman shorting the Hang Seng

Nadie_AZ: I find it fascinating that something so far away can impact us so hard. Or, at least, that's what I am being told.

I would love to be off the grid and mostly self sufficient like StoneColdAthiest claims, but that is really hard to do.

Whoa hoss...please don't overstate my claim. I made a crack about having acreage, critters and food put by, all of which is true, but it was within the context of making another crack about being far away from whatever happens in China. It was never meant as a literal claim of immunity from the effects of a Chinese meltdown.

StoneColdAtheist: The Homer Tax: StoneColdAtheist: What do any of those have to do with China's coming economic meltdown?

The post you were responding to was stating that there was "no safe distance" in a world of globalized economies and outsourced debt obligation. You implied that living on land in a rural area was a safe distance, but the reality is that you probably owe money to someone. That someone probably owes money to someone else, or is leveraged somewhere, or has shares in something that could be affected by it. And if they don't, one of those people they are involved with probably does.

It's all a giant, interconnected web, and no one is really safe. You might be safe for this particular looming crisis, but that's mostly because of luck, not the fact that you live in the middle of nowhere.

[www.myfacewhen.net image 500x224]



PML here. I was reading the reply, thinkin' W... T... F... ? My eyes glazed over about 2/3 the way thru and then I saw your pic.

Then I read Homer's reply and I just about lose it....

CSB
CSB?

Leskay: PML here. I was reading the reply, thinkin' W... T... F... ? My eyes glazed over about 2/3 the way thru and then I saw your pic.

Then I read Homer's reply and I just about lose it....

CSB
CSB?