Swiss Economicblogs.org
A selloff as violent as the one global equities markets experienced this past Monday can have effects that mirror a real-life earthquake. Once the earth stops moving, shell-shocked investors have to figure out what caused all the shaking and whether aftershocks are coming. They also have to determine whether anything valuable is hiding in the debris. To the first point, it’s quite clear that trouble in China was the catalyst for the rout. It all started on Friday, August 21, when...
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