Morning readers
9:30am Singapore time
Yes holiday is over and time to make serious money.
What a reception to the new week we got!
Buffet bids to buy a company!
China has just devalued the yuan!
Last but not least it is official Australian people are slaves of the banks.
The most profitable banks In the world are in Australia.
So protectionism works people, the question is for how long.
So let get back at the and devalue the yuan?
Costing more those who want to take money out of the country.
But is it a double edge sword or have the Chinese planned this all along?
I say this because the commodity sector has just realised now that without China a 10-20% price adjustment will take place.
All producers of commodities always knew that no matter what China would take up any surplus supply.
With China now all but ruling themselves out of the market for commodities, who takes up the slack.
Grains and energy are the first to take the hit.
Next will be metals and sorts and meats.
Sure China still requires commodities but the government has serious storage's and local supply will be priority over imports.
To the gold bugs please don't think this is good for gold it's not it actually the worst think with the Chinese not offering a floor to the price now.
Matter of time before the U.S. houses start attacking gold knowing full well there is no floor now.
Interesting to see now how both the Canadian and Australian central banks respond.
These countries economies are now on life support.
Cheap useless rubbish is about to hit the world markets as China will try to reboot it economy.
Hold firm if you don't need it why buy it !
In the property market there was as I thought huge buying by the Chinese.
Clearance rates where high but not records which was interesting.
So I'm keen to see what occurs next month or two.
So how's the darling stocks (AAPL,TWTR and NFLX) going to invest in a country which is just about to fall into recession.
You can't say you didn't know that trouble in China wasn't over.
More to come people ..
9:30am Singapore time
Yes holiday is over and time to make serious money.
What a reception to the new week we got!
Buffet bids to buy a company!
China has just devalued the yuan!
Last but not least it is official Australian people are slaves of the banks.
The most profitable banks In the world are in Australia.
So protectionism works people, the question is for how long.
So China has investigated that it's overseas funds and people wanting to buy assets outside of China that has caused the Stock market to crash? REALLY
So let get back at the and devalue the yuan?
Costing more those who want to take money out of the country.
But is it a double edge sword or have the Chinese planned this all along?
I say this because the commodity sector has just realised now that without China a 10-20% price adjustment will take place.
All producers of commodities always knew that no matter what China would take up any surplus supply.
With China now all but ruling themselves out of the market for commodities, who takes up the slack.
Grains and energy are the first to take the hit.
Next will be metals and sorts and meats.
Sure China still requires commodities but the government has serious storage's and local supply will be priority over imports.
To the gold bugs please don't think this is good for gold it's not it actually the worst think with the Chinese not offering a floor to the price now.
Matter of time before the U.S. houses start attacking gold knowing full well there is no floor now.
Interesting to see now how both the Canadian and Australian central banks respond.
These countries economies are now on life support.
Cheap useless rubbish is about to hit the world markets as China will try to reboot it economy.
Hold firm if you don't need it why buy it !
In the property market there was as I thought huge buying by the Chinese.
Clearance rates where high but not records which was interesting.
So I'm keen to see what occurs next month or two.
So how's the darling stocks (AAPL,TWTR and NFLX) going to invest in a country which is just about to fall into recession.
You can't say you didn't know that trouble in China wasn't over.
More to come people ..
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