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  • Chinese Tiger Raises Default Concerns [View article]
    "Potential default was the concern that prompted the fiscal crisis in the fall of 2008 as massively intertwined derivatives and speculative CDSs and CDOs began to fall apart. If China were to succeed in walking away from derivatives contracts, it could have a significantly bigger impact on the financial world."

    To put it mildly. I suspect that this newly revived threat is what's goosed gold lately.
    Sep 02 11:56 am |Rating: +4 -1 |Link to Comment
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