{"id":18324,"date":"2016-02-26T14:07:22","date_gmt":"2016-02-26T19:07:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18324"},"modified":"2016-02-26T14:10:11","modified_gmt":"2016-02-26T19:10:11","slug":"here-comes-the-red-swan-and-other-reasons-to-be-very-afraid","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18324","title":{"rendered":"Here Comes The Red Swan And Other Reasons To Be Very Afraid"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/here-comes-the-red-swan-and-other-reasons-to-be-very-afraid\/\" target=\"_blank\">Here Comes The Red Swan And Other Reasons To Be Very Afraid<\/a><\/h3>\n<p class=\"entry-meta\">The Red Chip casino took another one of its patented 6.5%\u00a0belly flops\u00a0last night. In fact, more than 1,300 stocks in Shanghai and Shenzhen fell by 10%\u2014the maximum\u00a0drop permitted by\u00a0regulators in one day\u2014\u2013implying that the real decline was far deeper.<\/p>\n<\/header>\n<div class=\"entry-content\">\n<div class=\"pf-content\">\n<p>This renewed\u00a0carnage was the worst since,\u00a0well,\u00a0the last\u00a06% drop way back on January 29, and It\u00a0means that the cumulative meltdown from\u00a0last June\u2019s high is pushing 45%.\u00a0And all\u00a0this\u00a0red chip mayhem did not come at an\u00a0especially\u00a0propitious moment for the regime, as\u00a0the \u00a0<em><strong>Wall Street Journal<\/strong>\u00a0<\/em>explained:<\/p>\n<blockquote><p>It comes at an\u00a0<em><strong>awkward moment<\/strong>\u00a0<\/em>for the Chinese government, which is hosting the world\u2019s leading central bankers and finance ministers starting Friday.\u00a0<em><strong>China has been expected to use the G-20 meeting to address global anxiety about its economy and financial markets.<\/strong>\u00a0<\/em>Worries about China\u2019s economic slowdown and the volatility of its markets have weighed on investment decisions around the world.<\/p><\/blockquote>\n<p>But if we are remarking on \u201cawkward\u201d, here\u2019s awkward. The G-20\u00a0central bankers, finance ministers and\u00a0IMF apparatchiks descending on\u00a0Shanghai should take an unfiltered, eyes-wide-open view of the Red Ponzi fracturing\u00a0all about them, and then make a petrified mad dash back to their own respective capitals.\u00a0There is nothing more for G-20\u00a0to talk about with respect to China except how to get out of harms\u2019 way, fast.<\/p>\n<p>China is a monumental doomsday machine that bears no more\u00a0resemblance to anything that could be called stable, sustainable\u00a0capitalism\u00a0than did Lenin\u2019s New Economic Policy of the early 1920s. The latter was followed by Stalin\u2019s Gulag and it would be wise to learn the Chinese word for the same, and soon.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here Comes The Red Swan And Other Reasons To Be Very Afraid The Red Chip casino took another one of its patented 6.5%\u00a0belly flops\u00a0last night. In fact, more than 1,300 stocks in Shanghai and Shenzhen fell by 10%\u2014the maximum\u00a0drop permitted by\u00a0regulators in one day\u2014\u2013implying that the real decline was far deeper. This renewed\u00a0carnage was the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,5979,2120,240,1849,344,418,434,11368,2773,861],"class_list":["post-18324","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-contracorner","tag-david-stockman","tag-economic-growth","tag-financial-markets","tag-g20","tag-imf","tag-international-monetary-fund","tag-red-ponzi","tag-volatility","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18324"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18324\/revisions"}],"predecessor-version":[{"id":18326,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18324\/revisions\/18326"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}