you're not going over anyone's heads with your philosophizing. I think Pekelo is just saying don't be a nerd.
Virus .....read this
- Thread starter Edmond
- Start date
you're not going over anyone's heads with your philosophizing. I think Pekelo is just saying don't be a nerd.
Don't be, I hear nerds are cool now.
Sure do. Your razors say, it was a bat from the wet market like Wired predicted years ago...
Almost forgot, you should make a habit of fact checking any info you've received from others (including relatives) prior to reposting at a public social media site like Elitetrader.com
Why ?
Too many fact checkers here at ET.
wrbtrader
My friend and ex business partner worked with China 20+ years and he knows this country very well. What he thinks about C19. Well. In China all the medium size and large size business are under the supervision of communist partyof China (CPC). But with one sufficient note – if the business is owned by foreign people, the abilities of CPC to impact on this business are much lower, sometimes zero impact. The bosses of CPC do not like this fact. But what to do? During the last many years China attracted huge foreign investments because of ‘Chinese economic miracle’. Yea, big money flow in direction of big possibilities. Up to the certain point it was 100% positive and supported by the CPC totally. Taxes, loose regulation and so on. But also the % of companies which are controlled by foreign capital arise very fast, and this sector is out of control of CPC. And the capitalization of these companies arise too with entire market, both publically traded and not. So, what to do? Buy these businesses from foreign owners and restore the control. Good, but the stock market is (today should write ‘was’) on the top. These businesses were very expensive even for CPC.
Simple. The stock market should be crashed to allow CPC to get as much discount as possible to buy the businesses from foreign owners at bargain price. But for the real crash, real discount, not 5-10%, some informational context needed. Pandemic is ideal solution for this.
If one think that pandemic destroy some processes in economy, slow it, produce real losses, one should compare X and Y. X is the total loss for China economy and Y is the total discount for CPC to buy back the desired businesses. Suppose X is just small % of Y. But what about EU, USA, other countries? CPC does not care about it. It is Chinese national philosophy from the ancient times. What happen outside of China does not matter even in short term perspective it’s loss for China because of export stagnation. Chinese people (bosses of CPC) are patient.
The point is: it’s all about the money.
Simple. The stock market should be crashed to allow CPC to get as much discount as possible to buy the businesses from foreign owners at bargain price. But for the real crash, real discount, not 5-10%, some informational context needed. Pandemic is ideal solution for this.
If one think that pandemic destroy some processes in economy, slow it, produce real losses, one should compare X and Y. X is the total loss for China economy and Y is the total discount for CPC to buy back the desired businesses. Suppose X is just small % of Y. But what about EU, USA, other countries? CPC does not care about it. It is Chinese national philosophy from the ancient times. What happen outside of China does not matter even in short term perspective it’s loss for China because of export stagnation. Chinese people (bosses of CPC) are patient.
The point is: it’s all about the money.
as always: how about they dont want to destroy eachother but be peaceful rivals instead?
