I am sitting here and watching the Markets in Asia, and they are up a bit. However I have seen reversals that have been pretty extreme in their marketplace especially when things aren't that deep into one direction. I am going to check back at about 6am to see what happened and to gauge what I think the market is going to do on Wed. If you look at my earlier post, the markets are due to drop according to the technical indicators. However if Asia has a rockin overnight, things will smooth out tomorrow. But I dont think that they will, the foundation of a slowing global economy is really beginning to hit China hard. Why is that?
The United States used to have a lot of unions and they used to make a lot of stuff. We made tires, shoes, all kinds of clothes, TVs etc. If you look for these factories, chances are they are empty and boarded up, all the jobs shipped out of the country as CEOs were on the hunt for cheap labor...cheap labor that China readily supplied. China has an advantage over us: they are a communist dictatorship. They can tell people where to work and for how much. They supply cheap forced labor and take part of the incoming money from the goods they export, turn around and buy gold, then plunk it down in the national storehouse. In the last 20 years they have been exporting cheap labor and technical/hobbyshop/automotive/clothing goods and they are taking in the money as part of thier national plan. Suddenly demand for manufactured goods and thus manufacturing and thus oil is falling off and everything is backing into each other. The world is sick and China is one of the first countries to start exibiting symptoms.
Why is this happening? Why is the global economy sick? The reason may shock you because I am going to direct you to my other blog with a post that is going to shake up your world. Everything that you thought was the case with the currency in your pocket and your job and your house is about to be flipped over. You will discover why the middle class is disappearing along with the unions and any good jobs over 14 dollars an hour. Get ready, and click here.
Other than that Ill see you tomorrow,
Tradinginsider
Tuesday, September 1, 2015
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» Asian Markets are up, but not by much...what China is up to
Asian Markets are up, but not by much...what China is up to
10:29 PM
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