Quote:
Originally Posted by Fat_ninja
I think they will come down. I believe this COULD be a O shit black swan. I was actually waiting for it to come through when the HK protest spiked but little did I expect China not to care...
This is a black swan because it was out of left field and also difficult to analyze. If you guys thought Us housing and Lehman was bad. Take China and replace that event. It’ll hit China more than the US tho. I could be wrong. Who knows
Everything in the the capital system is underwritten by price assumptions and... this event will hit GDP and currency and likely export inflation across the world.
To simplify it for my non finance friends... China currency is about to devalue... for many reasons... but a devalued yuan means less buying power... ie Chinese have less money. Forget everything else I rambled on about.
If I could short watches I would lol
Someone underwrite me get me some notional size
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Taleb is great , and yes u have right , worst things strat slowly growing in yor eyesight but u just don t care in that particular moment ....