July 17, 2014

What to Fear if China Crashes

William Pesek, Bloomberg

The Associated Press

Few moments in modern financial history were scarier than the week of Sept. 15, 2008, when first Lehman Brothers and then American International Group collapsed. Who could forget the cratering stock markets, panicky bailout negotiations, rampant foreclosures, depressing job losses and decimated retirement accounts -- not to mention the discouraging recovery since then?

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TAGGED: China

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