When Guns Are Outlawed, Only Outlaws Will Have Market Corrections.

wile_e_coyote_gravityMarket corrections and gravity, but in all honesty, mostly gravity. But then, if we’re really honest, it wasn’t the fall that did him in, but the sudden stop at the end.

This incident happened in Shenyang, the industrial city home to many arsenals, aircraft factories, and industrial production of all kinds. The city was known as Tsientsin before the revolution produced a change in Chinese-English transcription (among other things).

A 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building, possibly in response to a recent stock market crash in China, local press reported.
The building belongs to the city’s Chamber of Commerce and the 17th floor hosts a security exchange center, China.org reported citing a local newspaper. The incident took place Tuesday afternoon at around 2:00 p.m.

Extra style points for executing this dive, triple gainer, double axel or whatever it may have been, from the Chamber of Commerce building that hosts a stock exchange. A tip to our Chinese readers — since about 1929, roof access anywhere on Wall Street has been kind of difficult.

Prevents people from making a permanent solution to their temporary problems.

According to a witness, a black briefcase ‘full of stock-related materials’ was found on the ground next to the body of the man who was reportedly identified as a local resident.

While authorities are investigating the reason for the dive, it has been suggested that the suicide was connected to the recent stock market crash.

That does seem to be a reasonable inference. It’s not the first time.

In July, a woman leaped to her death in Shanghai’s IAPM mall in a suicide also linked to plummeting stocks, according to shanghaiist.com.

We saw what you did there. “Plummeting” stocks indeed.

The problem with reacting like this to plummeting stocks, is that plummeting stocks can rebound. Plummeting humans, not so much.

Turns out the Chinese cops take a dim view of stock-market-related suicides. Not making them, but apparently talking about them.

Last month, Chinese authorities arrested a man who had allegedly been spreading rumors about people jumping off buildings in Beijing because of a stock market crash, China Central Television reported. The 29-year-old man allegedly wrote on social media that “there are people, because of the stock market crash, who have jumped off buildings in Beijing’s Financial Street.” The post in question disappeared the day after it was created, thought to have been deleted by the state censors. Its author was detained for “disorderly behavior.”

via Man reportedly leaps to his death over stock market crash in China — RT News.

We wonder what Chairman Mao Tse-Tung would think of it — in his day, Chinese people didn’t have to kill themselves — he took care of that. And they didn’t have a stock market to kill themselves over — he took care of that, too.

3 thoughts on “When Guns Are Outlawed, Only Outlaws Will Have Market Corrections.

  1. JasonC

    A minor point, but the old T’ien-tsin is today’s Tianjin. Shenyang is a ways northeast of there.

  2. Doug

    Oh my, that last paragraph is a dandy. (-:
    Out of the mouths of babes, or is that SF’s fox hole humor?

  3. Tennessee Budd

    The answer is irrelevant, but when I heard this story on the radio, I couldn’t help wondering if he’d flung the briefcase off first or taken it with him for the descent.

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