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07-08-2015, 05:03 PM
The really worrying financial crisis is happening in China, not Greece
By Jeremy Warner
12:25PM BST 08 Jul 2015
"I don’t buy it. Indeed, I can see very little evidence for China’s technocratic elite having things under control. The firebreaks that China put in place over the weekend to mitigate the panic are, in practice, not much different from those applied during the Great Crash of 1929, only this time it’s public rather than private money that promises to quell the fire. They failed spectacularly in 1929"
http://www.telegraph.co.uk/finance/china...ncial-cris
By Jeremy Warner
12:25PM BST 08 Jul 2015
"I don’t buy it. Indeed, I can see very little evidence for China’s technocratic elite having things under control. The firebreaks that China put in place over the weekend to mitigate the panic are, in practice, not much different from those applied during the Great Crash of 1929, only this time it’s public rather than private money that promises to quell the fire. They failed spectacularly in 1929"
http://www.telegraph.co.uk/finance/china...ncial-cris