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China Crisis
Comments
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Is this a painful readjustment that will see Chinese goods no longer so competitive against western manufacturing?0
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This former spin doctor seems to think that it's the end of civilisation as we know it:
https://twitter.com/DPMcBride
This is his advice:Advice on the looming crash, No.1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work.
— Damian McBride (@DPMcBride) August 24, 2015Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.
— Damian McBride (@DPMcBride) August 24, 2015Crash advice No.3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.
— Damian McBride (@DPMcBride) August 24, 20150 -
I told you it was coming :-(Covered End said:I'm surprised there has been no comment re the Chinese stock market collapse.
More than a third, of the companies, have suspended trading, on their markets.
It could make the Greece issue look very trivial.
http://www.msn.com/en-gb/money/economy/the-really-worrying-financial-crisis-is-happening-in-china-not-greece/ar-AAcGjaG
Mind you a great buying opportunity coming up.0 -
I miss Two Sheds1
