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Pending Market Disaster: The Global Financial System Is Sliding Uncontrollably Towards An Abyss And There’s Only 2% Chance of Dodging A Market Crash
World GDP FOUR years after the worst of the financial crisis and the world appears to be faltering again. According to The Economist’s calculations, world GDP grew by just 2.1% during the first quarter of 2013 compared with a year earlier. Just 12 months ago, output was growing at a reasonable clip of 3.1%. http://www.economist.com/blogs/graphicdetail/2013/06/focus-7 Why China’s Economy May Be Heading for a Crash China’s central bank sent global markets reeling when it attempted tighten credit and rein in the country’s shadow banking system. But the consequences of China’s credit binge may just be getting started, and experts say there could be more pain to come for the world’s second-largest economy.
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