Well not yet - we've still got stocks coming off record highs with zero interest rates and money printing all over the world. and 3 bedroom house in Glen Waverley (ordinary outer Eastern suburb in Melbourne) sold for $6 million last week because the 1,500 sqm corner block is apparently worth that much to a developer.
I can't believe they actually thought it would work. http://www.smh.com.au/business/markets-live/markets-live-fear-strikes-wall-st-20150824-gj6tk1.html
You have to put it through the BS translator first: Beijing's leaders have decided that now that all their friends and relatives have offloaded their stocks to the state and locked in their profits, the rest of the population is on their own.
Terrible isn't it? Am i correct in my belief that all those with funds tied up in China just have to sit and watch them disappear as they are not allowed to cash out?
Wall St, Europe markets tumble again as investor worries about Chinese economic growth intensify By finance reporter Simon Frazer Updated 18 minutes ago Email Facebook Twitter There has been another night of heavy selling on Wall Street and in Europe, as investor worries about Chinese economic growth intensify. In New York, the S&P 500 closed down 3 per cent (58 points) at 1,914. Bluechip stocks fared better, with the Dow Jones industrial average falling 2.8 per cent (470 points) to 16,058. The catalyst for the falls was the same as the Australian share market's losses yesterday: weak Chinese manufacturing data. Abc news Dax down 2.5% sse 1%