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Ezana · 3211 days ago · link · · parent · post: China curbs IPOs, enlists brokers in all-out bid to end market rout
This is scary. I don't see how $19 billion more of investment will make a difference, if pledging to invest China's centi-billion pension funds didn't calm the markets. The ship is sinking; that's abundantly clear. What isn't so certain is what the after-shocks will be like. I'm really concerned that we're witnessing the start of the next global recession. Particularly when western governments and central banks are woefully unprepared to combat another crash.