Yesterday’s news regarding the Chinese stock market once again showed how brittle the global economy is at this point. With stocks tumbling slightly over 7 percent, trading was suspended a few hours before the markets closed. Things did not get off to a good start earlier today, as an early 2% loss was worrying a fair few investors. But things calmed down once the People’s Bank of China intervened and poured money into money markets.
http://bitcoinist.net/peoples-bank-of-c ... nsparency/
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jdebunt
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Bitcoinist - People’s Bank of China Intervention in Stock Market Debacle Lacks Transparency
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