Wall Street Still Didn’t Get The Memo – China’s Done, Top’s In!…”The collapse of red capitalism in China is exporting gale force deflation to the global economy”
by Tyler Durden
ZeroHedge.com
07/28/2015
Bubblevision’s Scott Wapner nearly split a neck vessel today denouncing the US stock market sell-off. It was completely unwarranted, he thundered, because China don’t have nothin’ to do with anything. The collapse of red capitalism in China is exporting gale force deflation to the global economy, meaning that the already evident rollover of world trade is just beginning its descent. So S&P profits are not immune, not by a longshot. One of these days, perhaps soon, even Scott Wapner will get the memo.
The Rest…HERE
