Bitcoin Forum

Will china act is a spark in the crash of 2016 and Brent crude is below the 2008 crisis price and expected to go to $15-$25? What are your  views is it just some corrections in the market or things are going to get worse?

I'm just curious about what will happen when the market will realize this:
http://www.forbes.com/sites/kenrapoza/2015/07/20/what-will-become-of-chinas-ghost-cities/

China has got a immense sector of shadow banks. No one knows how large it really is. Probably there are some minor crashes in this shadow bank system what could lead to a big crash what will affect the whole world.

Brent is down only for damage Russia. Brent suold be near 50$

I think China works more like a large blackbox where the analyst can only see the inputs/outpus(imports/exports) of the system but not the system design itself, so it will be hard to predict the evolution accuratly.

There are more and more parts in China that are getting increasingly non-habitable due the ridiculously insane levels of polution. I can expect a massive amount of dumping in real state in China, which coupled with the actual recession is going to make the party even better (if you are a Bitcoin holder)

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Brent is down only for damage Russia. Brent suold be near 50$
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No my friend I completely disagree with you, crude is down because of the clash of Iran and Dubai due to nuclear deals and stuff and its been less than 36 hrs that all the major investments banks have said that they are bearish on crude oil, and this would prove to be true in the coming US oil inventory report in couple of days.

Dont worry about China Westerness Economy press like to talk about China crash.it means crash  is coming to   westerness world,nobody will buy Forbes  anymore

Yeah, well, that's how China has always operated.  You tend to get that with communist governments.

I for one will welcome with open arms $15 crude and hope it goes as low as it can go.  Cheap gas will be a beautiful thing after being under the thumb of the oil-exporting countries for years.  Can't wait.

I don't think China, something you can hold from the great plans of the development and for the necessary movements of the world economy and that the probability of sovremennaia China, relying on its long experience and modern technologies is very high and the chance to ostatsa on a high, but necessary for balance in the geo-politics in the region is very sustainable, and this of course rest on what we needed, though, cheap oil and let them luck and not the country's engagement in conflict

I have seen this ghost cities on a documental Tv program, its a lot of money wasted for nothing. One problem about chines economy its the opacity of their numbers, we don't know a lot of things. And the construction sector is an high % of its economy now.

Just curious because I don't really know... what exactly are China's supposed "shadow banks", and how are they affecting the markets as of right now?

No my friend I completely disagree with you, crude is down because of the clash of Iran and Dubai due to nuclear deals and stuff and its been less than 36 hrs that all the major investments banks have said that they are bearish on crude oil, and this would prove to be true in the coming US oil inventory report in couple of days.
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Yeah, this has been going on for sometime now... I really haven't read much into it that much, but I remember reading somewhere the OPEC was over producing oil just to make ends meet/businesses to stay afloat.  Now, it's truly biting everyone in OPEC in the ass.

But I'm wondering how can they survive now when the price of the barrel is more expensive than the oil itself?  Doesn't seem like a very favorable trade for any of the OPEC members.. ???

Btw, what happened with China?

Take a look a the debt worldwide and you will realize that this is not just a correction. It is the start of the bust of the biggest bumble in history.

Just because China is one of the first to crash doesn't mean it caused it. I think they were just one of the weaker power countries and fell first.

Although the stock market never really means much its all smoke and mirrors in my opinion