1929 lesson

The crumbling Chinese stock market has taken millions of citizens to the cleaners, as the story of a farmer who lost all his capital of $200,000 plus margin debt of nearly a million. How long a smarts smile will adorn Auntie Yellen face before the Chinese Government start selling the trillions of US securities, or mass defaults of corporate debt takes US down to the mud? Time to raise cash for six months of house expenses?

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