China’s stock market is crashing, and the Chinese are trying to do the exact same thing America did in 1929

OSCAR WILLIAMS-GRUT
BusinessInsider.com
Jul. 6, 2015

While 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 the 1929 Wall Street crash, which led to the Great Depression in the US in the 1930s.

The Rest…HERE

This entry was posted on Monday, July 6th, 2015 at 12:10 pm and is filed under China, Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.