It appears there is a stock market crash in most major world markets today. It includes India, the U.S. and others such as Hong Kong and of course, the root cause of all these-China.
I do understand that stock markets are meant to go up and down-if not, they would not be markets. But China has managed to spook the world markets almost as much as Greece did a few weeks/months ago, almost single-handedly. I now feel that the house of cards that is the exchange market is also going to collapse one day, given that no one seems to understand the true worth of a national currency any more. If the currency is low, it is with an agenda in mind-usually the agenda is cheaper exports. But if everyone devalues their currency, who are they going to export to? It should even out in the end, assuming all are playing that game.
The answer may be the U.S., which usually does not end up devaluing the dollar so much, as all the devaluers expect the dollar to remain strong (if they are to remain weak) and the U.S. to increase imports of their goods (or services). Like all games we play, this has to show its true colours and reach an end game too. So let's wait and watch what happens. Another effect of this is that the Economic News channels are suddenly beating the TRP of Friends re-runs and Big Bang Theory.
I do understand that stock markets are meant to go up and down-if not, they would not be markets. But China has managed to spook the world markets almost as much as Greece did a few weeks/months ago, almost single-handedly. I now feel that the house of cards that is the exchange market is also going to collapse one day, given that no one seems to understand the true worth of a national currency any more. If the currency is low, it is with an agenda in mind-usually the agenda is cheaper exports. But if everyone devalues their currency, who are they going to export to? It should even out in the end, assuming all are playing that game.
The answer may be the U.S., which usually does not end up devaluing the dollar so much, as all the devaluers expect the dollar to remain strong (if they are to remain weak) and the U.S. to increase imports of their goods (or services). Like all games we play, this has to show its true colours and reach an end game too. So let's wait and watch what happens. Another effect of this is that the Economic News channels are suddenly beating the TRP of Friends re-runs and Big Bang Theory.
