Yesterday, now known as Black Monday, equity markets have lost $5 trillion since yuan devaluation

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August 25 2015

From IBM times - 5 tillion lost since Yuan's devaluation

Yesterday, August 24, 2015 is now known as Black Monday.  Dow Jones and China capital markets were marked by massive sell off.  PSE yesterday lost about 6 % and its index slid below 7,000.  The market value that was wiped out was P764 billion.

That is nothing compared to what was lost world wide -  $5 trillion since August 11, 2015 when yuan devalued.  The event is now known as China fall-  Chinas output has declined, it magical economic engine is slowing down.  Demand for raw materials worldwide from its ldc supplier will decline and will cause severe economic down turn in those countries

The fall is so devastating that Apple lost $150 billion of its market value last Friday

PSE loses P764 billion in market value in a single day yesterday

Ad Majorem.....Wealth Builders

August 25, 2015

The China's woes, (stock market bubble burst) the devaluation of yuan, falling outputs and growth (their stock market fell by 8% last Friday alone not counting the $1 trillion loss since June 15) has spooked Dow Jones (it fell by 1,000 points yesterday) and Asian markets.  Our very own PSE lost P764 billion yesterday wiping out 2015 gains.

From Inquirer, PSE slides down below 7,000

PSE lost 6.7 % or 487.97 points, to close at 6791, its largest loss in a single day

Did you lose in the stock market?

Big losers were Ayala, Globe Megaworld and other blue chip stocks.

What did we say about equity markets?

China's Stock Market Crash is several times the Greek Problem

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The Greek default involving some 200 billion Euros pale in comparison to China's stock market crash which wiped out some $3.3 trillion of wealth.  Some $2.6 trillion assets are frozen. The crash represents 40% of the total market China's stock market cap.  The sudden increase in share prices last year may not have been based on stock fundamentals, but based on psychological perception

From Slashdot - Chinas Stock Market Hammered

From Fortune - Chinas stock market loss is equivalent to to 9 Greece economies

US influence and value of dollar both shrinking?

The World of Influence for the US Is Shrinking Along With Use of the Dollar

From CS monitor - how US suffers when US dollar value falls?

From Spiegel - Humiliation for US dollar;  shrinking influence of the US Federal Reserve Bank

The US showed it is still the world's big brother:

1.  In the PHL Supertyphoon disaster, it sent $20 million in aid and its battle group to help the PHL;

2.  News has it that it is still the number one economy in the world, although it may grow only at 0.2% in 2013;

3.  It has shown leadership in the Iran nuclear worries, albeit, without the objection of Arab countries and from the homefront.

As the value of the dollar shrinks because of QE and too much printing of the money, triple deficit, debt limit problems, loss of jobs, its influence over the world is diminished.  Many of settlements in HK are done via the Chinese red bucks (the yuan)

Is US really on the way down?

How pitiful, for  the world's greatest superpower, the Almighty dollar, the land of the brave and of he free?

                        


 

China stocking up on Gold as Prices Drop

                   

China Seen by Klapwijk Boosting Gold Reserves as Prices Drop

From Global Research - China and Russia acquiring more gold, dumping dollars

From Gold Seek - Central Bank Gold Reserves growing

China may have increased its gold bullion reserves by as much as 300 metric tons during the first half of the year according to Klapwijk of Precious Metals Insights, to diversify its currency reserves, the biggest in the world.  In 2009, China announced its gold bullion reserves to be over l,000 metric tons.

Such purchases may have limited the gold price drops which was at $1,319 per ounce, and gold entered the bear market since April in  and fell 23% in second quarter, the steepest since 1920.

Gold is but mere 1.3 % of the total currency reserves of China which stands at  $3.66 trillion;  US has 73% and has the biggest gold reserves at  8,1335 tons.  Germany has 3390 tons

               





             

PHL posts highest growth in Southeast Asia, matches China's growth for 2nd quarter

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Repost from PHILSTAR   by Ted Torres  | August 30, 2013

The Philippines is no longer the sick man of Asia but is a fast growing economy, matching even that of China and even besting the former best performer in Asia. 

PHL posted a 7.5% growth from April to June, besting the forecast of 7.2% and matching China's peformance.  PHL seems to be shifting its growth from being consumption driven to investment driven.

The PHL surpassed the growth rate of other ASEAN neighbors who did:

Indonesia:   5.8%

Vietnam:     5%

Malaysia     4.3%

Singapore:   3.8%

Thailand     2.8%

Others:

Hong Kong -    3.3%

Japan   -           2.6%

Chinese Taipei 2.5%

South Korea     2.3%

Congratulations Team Philippines.  Mabuhay!

The world is round.  Finally we made to the top at least in South East Asia, and even beating the best of the best before

                         
                              

Impt World Economic News: crash of gold prices, China Miracle over, Apple slowdonw

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From: Moneynews.com
Date: Mon, Apr 22, 2013 at 12:34 AM
Subject: Top Five Stories You May Have Missed

Top Five Stories You May Have Missed Dear Moneynews Reader: Here are the five top Moneynews stories from the past week that you may have missed: Gold's Plunge Wipes $560 Billion From Central BanksInvestors are dumping gold funds at the fastest pace in two years in favor of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves . . . Click Here. Gold Crash Not a 'Natural Event,' Caused by Central BanksTheories about what triggered gold's recent drop are "cover stories," says Chris Powell, co-founder of the Gold Anti-Trust Action Committee (GATA), an organization focused on exposing, opposing, and litigating against collusion to control the price and supply of gold and related financial instruments . . . Click Here. --------------------------------------------------------------------------------- Editor's Note: Obama Blunder Spawns Massive Profit Opportunity --------------------------------------------------------------------------------- WSJ: China's Economic Miracle May Be Over News that Chinese economic growth slid to 7.7 percent in the first quarter from 7.9 percent a quarter earlier may be a sign that the nation's days of economic glory are over. Many industries are beginning to sag after 30 years of economic growth . . . Click Here. Apple Slowdown Threatens $30 Billion Global Supplier WebApple Inc.'s slowing sales are rippling through a supplier network that has long benefited from the company's ability to churn out iPhones and iPads . . . Click Here. Fed's Lacker: If I Were 'Dictator,' QE Would Stop NowFederal Reserve Bank of Richmond President Jeffrey Lacker said he favors slowing bond buying now to ensure record growth in the central bank's balance sheet doesn't impede the eventual withdrawal of record accommodation. "I'm in the camp we have to taper and stop right now if it were up to me," Lacker told CNBC . . . Click Here. Special Offers: What Are the White House and Federal Reserve Really Up To? Declassified: 'Financial War' Looming. See the Evidence and Prepare! One Simple Income Tax Loophole Could Pay You $87,500 Controversial Book Outs Obama's Uncharted Economy © Moneynews. All rights reserved.