The chart below (via CNBC) portrays the three major stock markets in Asia. The Shanghai Composite Index is collapsing more than eight percent, the Nikkei is down one percent and the Hang Seng is tumbling three percent. The bubble is bursting in the Asian economic powerhouses. This isn’t the end, and that $3.25 trillion lost in the past month will be pittance to the amount going to be lost in the coming months.
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