World economy heading for the perfect storm?

Wednesday, September 2nd 2015 - 07:53 UTC

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By Gwynne Dyer - Good things come in threes, but so do bad things. Especially in economies. The financial crisis everybody has been waiting for is a “hard landing” of the Chinese economy, the world's second-biggest. It now seems to have arrived, though the Chinese government is still denying it. Read full article

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ChrisR
“China...has dropped interest rates repeatedly, it has devalued the currency, it has ordered state institutions to invest more -- and nothing has worked.”

That's because nobody believes the Commie Mandarins anymore.

Allowing the state pension fund to dabble in the market is going to come back to bite them and may well foment the trouble they are so anxious to avoid.
Sep 02nd, 2015 - 12:44 pm - Link - Report abuse 0
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ilsen
Off Topic.
But I must post because MP fails to cover this.
http://panampost.com/editor/2015/08/26/chavezs-daughter-is-filthy-rich-and-that-shouldnt-be-a-surprise/

We should be told!
Sep 03rd, 2015 - 01:59 am - Link - Report abuse 0
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