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An under-reported story has been the Shanghai Composite, which hit a three-year low today and...

An under-reported story has been the Shanghai Composite, which hit a three-year low today and whose divergence with the S&P 500 has reached "stunning" proportions. Hopes turn to government stimulus as evidence of decelerating growth has mounted, but this weekend's report of rising property prices gives Chinese policymakers less flexibility to ease.
Comments (2)
  • Paulo Santos
    , contributor
    Comments (17881) | Send Message
     
    This should be about to matter ... met coal, iron ore are crashing, copper is weak even in the face of a happy stock market. Should be about to matter. I believe it will matter during this very week.
    20 Aug 2012, 05:43 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Blame it on the EMU mess! Isn't everyone doing the same, from politicians to CEOs?

     

    Indeed, it feels like 2007, when everyone's head was buried in the sand sucking on the Bernake "it's all contained..." cool-aid... until it wasn't.
    21 Aug 2012, 12:30 AM Reply Like
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