China’s stock market is crashing, and the Chinese are trying to do the exact same thing America did in 1929
‘While European attention is focused on Greece, China is having a serious market meltdown. After exploding earlier in the year because of deregulation, China’s benchmark Shanghai Composite has collapsed a crazy 29% since the highs of early June. China’s other stock markets have had similarly steep falls. Bloomberg notes that the crisis is closely mirroring […]
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