Friday, January 08, 2016

Guest Post: Scary, but perhaps inevitable?

China shuts down market for second time this month as savers panic about yuan

China shut down its stock market for the second time this week on Thursday as it appears Chinese savers are losing confidence in the yuan and are shunning the country's stocks following multiple surprise devaluations by the Chinese central bank. The instability in China on Thursday spread to global markets, with the Dow Jones Industrial Average…