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(Twitter)   Meanwhile, Chinese banks are buying up stocks to prevent selling. Totally normal, we swear   (twitter.com) divider line
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1131 clicks; posted to Business » on 26 Sep 2022 at 2:50 AM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



39 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-09-25 10:56:20 PM  
Original Tweet:

 
2022-09-25 10:59:27 PM  
Nikkei down 560 pts at the moment.
 
2022-09-25 11:04:39 PM  
Newsflash... China and Japan have been doing this for a long time.
 
2022-09-25 11:06:40 PM  

somedude210: Nikkei down 560 pts at the moment.


Quick, someone tell those Chinese banks to buy Japanese stocks, too!
 
2022-09-25 11:08:38 PM  
Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?
 
2022-09-25 11:33:45 PM  
buying stocks to prevent selling eh? 🤔
 
2022-09-25 11:35:02 PM  
breaking: china bailing out all stockholders. get it while you can!
 
2022-09-25 11:42:10 PM  

Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?


Seems like someone is.
 
2022-09-25 11:53:38 PM  

dildo tontine: Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?

Seems like someone is.


Well, Xi just publicly rubbed a mountain of sh*t in Putin's face at that summit. And Putin does have all the internet capabilities to do this.

So.., who knows.
 
2022-09-26 12:04:44 AM  
Maybe I'm an idiot.  How does buying prevent selling?
 
2022-09-26 12:39:11 AM  

Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?


Something seems weird but there's been a lot of stuff particularly out of Indian social media which has sent this into conspiracy-level shiat.
 
2022-09-26 12:50:39 AM  

WickerNipple: Maybe I'm an idiot.  How does buying prevent selling?


i.imgflip.comView Full Size
 
2022-09-26 1:10:20 AM  
I'll buy the dip. Russia is falling apart rapidly and that is just one reason why bargain season is coming.
 
2022-09-26 3:40:11 AM  

puffy999: Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?

Something seems weird but there's been a lot of stuff particularly out of Indian social media which has sent this into conspiracy-level shiat.


It's mostly india projecting it's problems against China, of the two India has much worse systemic problems to deal with
 
2022-09-26 3:41:26 AM  

Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?


Something weird is always happening in China.

Their banking system is farked on top of the banks having already had recent runs, but the moment the banks start failing the businesses will as well.

And the continuation of lockdowns, let along harsh Chinese lockdowns, is crippling their economy on top.
 
2022-09-26 4:45:07 AM  

Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?


Chinese banks loaned out over 9 trillion to real estate developers and wont be seeing a penny of it come back because none of the money went to anything that has even been started for construction yet.

The chinese covid vaccine is a complete joke so they still have full city lockdowns happening

There may be another wave of pig flu floating around and worst case is they would have to do another full culling to stop it. Keep in mind for china this means more pigs than the entire rest of the world even has will die

People are so pissed at the evergrande thing that they stopped paying their mortgages on things that dont exist because thats how farked up the chinese housing market is, and are having mass protests over it

They have been dealing with a drought like the west us, but because they get so much power from hydro they have had to shut down or limit factories to keep everything partly running. No idea how bad this will be for crops yet

And those are just the things we know about. God knows how bad things really are behind the great firewall
 
2022-09-26 5:34:24 AM  
Seeing similar tweets all over the place. Mostly from cryptoswindle-related accounts. Never with a reference to any reputable source. Am chalking this up to some rumour campaign to be able to influence stock prices.
 
2022-09-26 6:11:08 AM  

Bootleg: Okay, is something weird happening in China, or is Twitter just trying super hard to make it seem like something weird is happening in China?


Yes.
 
2022-09-26 6:39:06 AM  

The wonderful travels of a turd: Seeing similar tweets all over the place. Mostly from cryptoswindle-related accounts. Never with a reference to any reputable source. Am chalking this up to some rumour campaign to be able to influence stock prices.


It's really tough to know what's real. This "China's banks are on the verge of collapse" narrative has been out there for a few months now, but like you said, there only seem to be really shady sources reporting on it...
 
2022-09-26 7:18:20 AM  

Likwit: The wonderful travels of a turd: Seeing similar tweets all over the place. Mostly from cryptoswindle-related accounts. Never with a reference to any reputable source. Am chalking this up to some rumour campaign to be able to influence stock prices.

It's really tough to know what's real. This "China's banks are on the verge of collapse" narrative has been out there for a few months now, but like you said, there only seem to be really shady sources reporting on it...


Thing is, China would never let them "collapse". They'll print out at last resort and they have the cash reserves to do it.

They have a secret card to play in that the government controls the entire economy.

I would not worry about any crash from them.
 
2022-09-26 8:01:49 AM  

The wonderful travels of a turd: Seeing similar tweets all over the place. Mostly from cryptoswindle-related accounts. Never with a reference to any reputable source. Am chalking this up to some rumour campaign to be able to influence stock prices.


Fark user imageView Full Size


That was my first thought as well. I'll wait for a reputable source
 
2022-09-26 8:02:27 AM  

scumm: buying stocks to prevent selling eh? 🤔


Maybe its just poorly worded.
 
2022-09-26 8:31:08 AM  
Me thinks that China might be having a problem, an economic problem - they pretend to be a modern country, but in reality they are not even close - they are finding out that pretending to be an "economic powerhouse", is much different to being an "economic powerhouse."

My prediction is that at some point China will have to invade Taiwan, and they will not win in a day, it will become very protracted, at which point they will realise (just like Russia has) that they have nothing to back up the initial stab.  They are not really able to maintain the production that a long term war requires, because they do not have a "real" economy, they have something they all believe in that is written on a piece of paper ... .
 
2022-09-26 8:41:30 AM  

Langdon_777: Me thinks that China might be having a problem, an economic problem - they pretend to be a modern country, but in reality they are not even close - they are finding out that pretending to be an "economic powerhouse", is much different to being an "economic powerhouse."

My prediction is that at some point China will have to invade Taiwan, and they will not win in a day, it will become very protracted, at which point they will realise (just like Russia has) that they have nothing to back up the initial stab.  They are not really able to maintain the production that a long term war requires, because they do not have a "real" economy, they have something they all believe in that is written on a piece of paper ... .


Jesus, I hope you're wrong about the Taiwan thing. That would fark up the world economy something fierce.
 
2022-09-26 8:59:19 AM  

Langdon_777: Me thinks that China might be having a problem, an economic problem - they pretend to be a modern country, but in reality they are not even close - they are finding out that pretending to be an "economic powerhouse", is much different to being an "economic powerhouse."


If you don't know anything at all about China, sure.  They've built more roads and public infrastructure in the last 30 years than the entirety of western civilization combined.  The last half a century has seen them modernize from an agrarian society to a modern industrial leader faster than we did.  Yes, a great deal of it has been parasitic, but that's hardly any differently than the U.S. (or the British Empire, for example).  They're more open about it and don't attach it to their ideals of self-superiority as we did.  They steal and are fine with it.

But just like we did, they have to learn what happens when you boom too fast without adequate controls, or you create instability where you need calm waters.  They're doing what all great "empires" have done for 400 years - eventually shiatting where they eat, and realizing it hurts them in the long run.

And Taiwan is a huge issue for exactly that reason.  When we run into domestic issues, we stir up shiat someplace else to hide the problem and consolidate our nationalistic base.  China is - and will be - no different.  If they view Taiwan as an "internal" issue, they'll ruffle feathers elsewhere to distract.  And that's when it's most dangerous for Taiwan, as things will happen in the background that we won't even notice.  Leaders replaced, spies implanted, intelligence gathered, resources commandeered, foundations eroded.
 
2022-09-26 9:05:35 AM  

Likwit: The wonderful travels of a turd: Seeing similar tweets all over the place. Mostly from cryptoswindle-related accounts. Never with a reference to any reputable source. Am chalking this up to some rumour campaign to be able to influence stock prices.

It's really tough to know what's real. This "China's banks are on the verge of collapse" narrative has been out there for a few months now, but like you said, there only seem to be really shady sources reporting on it...


The crash has already started, but the Chinese government is protecting its people. There has already been one massive foreign default on real estate. It is non-Chinese who are getting stiffed. Their crash looks far different than a Western bank crash. Think more like a crypto rug pull, with foreign money as the outside investment.
 
2022-09-26 9:36:52 AM  
So stock buy backs are bad when the Chinese central bank does it, but not when multinational companies or the Fed do it?
 
2022-09-26 10:00:43 AM  

dildo tontine: WickerNipple: Maybe I'm an idiot.  How does buying prevent selling?

[i.imgflip.com image 720x530]


It's like the real estate market. I want values in my neighborhood to stay nice and high, and I can't do that if people keep selling, so when someone puts a house up for sale nearby I always buy it so they won't be able to sell it. Or someone does--not me personally of course, I can't do it alone, there are too many houses. A lot of times someone else buys the house to prevent the owner from selling it. Usually in those cases the seller is so discouraged about not being able to sell that they give up and move away, and the guy who bought it to prevent the sale just takes over the house. It's a pretty good system for preventing home sales.
 
2022-09-26 10:08:56 AM  

BolloxReader: Likwit: The wonderful travels of a turd: Seeing similar tweets all over the place. Mostly from cryptoswindle-related accounts. Never with a reference to any reputable source. Am chalking this up to some rumour campaign to be able to influence stock prices.

It's really tough to know what's real. This "China's banks are on the verge of collapse" narrative has been out there for a few months now, but like you said, there only seem to be really shady sources reporting on it...

The crash has already started, but the Chinese government is protecting its people. There has already been one massive foreign default on real estate. It is non-Chinese who are getting stiffed. Their crash looks far different than a Western bank crash. Think more like a crypto rug pull, with foreign money as the outside investment.


Unless the question is "How to scare off foreign investment", stiffing foreign creditors to protect domestic ones really isn't an answer.
 
2022-09-26 10:16:42 AM  

Monkeyfark Ridiculous: so when someone puts a house up for sale nearby I always buy it so they won't be able to sell it.


But they sold it.  Cause you bought it.
 
2022-09-26 11:30:02 AM  
JUST IN: China's state banks ordered to buy stocks to prevent selling, per Reuters.

Maybe I'm blind, but I don't see this story on the Reuters main page.

And how are Chinese banks going to buy stocks?  Every other story I hear out of China is "more protests after bank-run" and "Investors refuse to pay mortgages related to Ever Grande's unfinished developments".
Unless the CCP is giving additional funds directly to the banks, the banks wouldn't have the liquidity to prop up the stock market.
 
2022-09-26 11:37:09 AM  

Khellendros: Langdon_777: Me thinks that China might be having a problem, an economic problem - they pretend to be a modern country, but in reality they are not even close - they are finding out that pretending to be an "economic powerhouse", is much different to being an "economic powerhouse."

If you don't know anything at all about China, sure.  They've built more roads and public infrastructure in the last 30 years than the entirety of western civilization combined.  The last half a century has seen them modernize from an agrarian society to a modern industrial leader faster than we did.  Yes, a great deal of it has been parasitic, but that's hardly any differently than the U.S. (or the British Empire, for example).  They're more open about it and don't attach it to their ideals of self-superiority as we did.  They steal and are fine with it.

But just like we did, they have to learn what happens when you boom too fast without adequate controls, or you create instability where you need calm waters.  They're doing what all great "empires" have done for 400 years - eventually shiatting where they eat, and realizing it hurts them in the long run.

And Taiwan is a huge issue for exactly that reason.  When we run into domestic issues, we stir up shiat someplace else to hide the problem and consolidate our nationalistic base.  China is - and will be - no different.  If they view Taiwan as an "internal" issue, they'll ruffle feathers elsewhere to distract.  And that's when it's most dangerous for Taiwan, as things will happen in the background that we won't even notice.  Leaders replaced, spies implanted, intelligence gathered, resources commandred, foundations eroded.


See I am not China focused.  I believe that Taiwan is in fact the legitimate keepers of the flame of China.  I have no respect for Mao, I farking hate Xi and the CCP.  China under Xi is fighting for the most authoritarian country on the Planet.  Taiwan is what China was before the Mao destroyed any freedom that they had.  The CCP China will always be, Western Taiwan to me.  There was nothing about the revolution that was positive and there has been nothing positive about their pretend modernisation.  The simple fact is that "China" under the CCP has been nothing but a pitiful attempt by dictators to make population  appear to be more than serves.  Xi's China makes nothing, it just copies things.
 
2022-09-26 11:39:54 AM  
(oh Fark, I am again commenting on Fark Business ... FARK!)
 
2022-09-26 11:53:36 AM  

Likwit: It's really tough to know what's real. This "China's banks are on the verge of collapse" narrative has been out there for a few months now, but like you said, there only seem to be really shady sources reporting on it...


China's economy is not doing great but thanks to the CCP's absolute control over the media and everything else, we won't really know what's going on.

This guy explains it quite well and yes I know he has his own biases and is very anti-China:
China is about to Completely Collapse!?!?
Youtube Caay18H9QvY
 
2022-09-26 12:31:13 PM  

scumm: buying stocks to prevent selling eh? 🤔


The same way that you stop a bank run: by paying out the withdrawals that people are trying to make.

If the stock market is dropping, people are seeing the value of their stocks fall, they get nervous, and decide that they should sell too.  That means a lot of sellers chasing not that many buyers, which means stock prices fall more, which means more panic selling, and so on.  By stepping in and buying, the banks bring some price stability into the market, which soothes the panic and discourages people from selling more.  If the situation causing the anxiety is temporary, a little artificial price stabilization can buy time for the situation to resolve and the market to go back to normal.  If the situation causing the anxiety is longer term, banks buying stocks isn't going to help much.
 
2022-09-26 1:06:08 PM  

Langdon_777: (oh Fark, I am again commenting on Fark Business ... FARK!)


Next step is the Politic tab.
 
2022-09-26 3:41:20 PM  

talkertopc: Langdon_777: (oh Fark, I am again commenting on Fark Business ... FARK!)

Next step is the Politic tab.


What about STEM, Entertainment, Fandom, D'awww, and Food?
 
2022-09-26 4:54:16 PM  

Langdon_777: (oh Fark, I am again commenting on Fark Business ... FARK!)


Now you did it. The VIX "fear index" is ramping up into Ludicrous Mode levels of fearfulness:

Fark user imageView Full Size


(The RSI is at 70. Seventy!!)
 
2022-09-26 5:00:27 PM  
CNN link. Apologies for being so very grotesque:

https://www.cnn.com/markets/fear-and-greed

Fark user imageView Full Size
 
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