It is absurd to think that a government-sponsored stock market rally into a slowing economy was going to end in anything other than a total disaster. And these are the policy makers that the West’s leading economists fawn over? The Chinese government is likely to respond, as it always has, by throwing more money at the problem and there’s sure to be some volatile times ahead. However, this is still the world’s most expensive stock market and it’s corporate sector is one of the world’s most over-leveraged. This makes for a very volatile combination. With a recession looming, or at the…
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