Monday, January 4, 2016

Stock Market Circuit-Breakers Work

Well, that didn’t take long. Circuit breakers went into effect on China’s stock markets today and cut short the first trading session of the year after a 7 percent decline. Investors were unsettled by the latest PMI report, which shows a small but faster-than-expected decline in manufacturing in China. Hostilities between Saudi Arabia and Iran are another global concern, and closer to home, the detention of several more media figures in China is sign of systemic breakdown.

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