Or Is It Just In Dire Financial Straits?
Didn’t take long: Frazzled, it tries to stop the worst 2-week crash since 1996.
The fiasco is part of a very hard landing for manufacturing.
Some to previously unimaginable lows.
A relentlessly terrible chart.
“Calling into disrepute the reliability of China’s official data.”
An ugly reflection of reality.
The countdown is on for the crash of Chinese stocks.
Liquidity is “crammed into the system.” Government says “buying stocks is patriotic.” Insiders go hog-wild.
This sort of thing isn’t supposed to happen.