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comment by flagamuffin
flagamuffin  ·  1825 days ago  ·  link  ·    ·  parent  ·  post: China curbs IPOs, enlists brokers in all-out bid to end market rout

    It seems strange how the government is so vocally taking a stand in a battle they cannot win. To do so only makes it look like their influence over the economy is more limited.

Pretty much seems like China's m.o.

I wonder what the hell is gonna happen to Venezuela.

Ezana  ·  1825 days ago  ·  link  ·  

They have big debt payments due in October if I remember correctly. I wouldn't be surprised if they defaulted then. They'd likely be joining Greece, Ukraine, and Puerto Rico as sovereign (or semi-sovereign) nations in default. I"m concerned we're rushing headlong into the sovereign debt crisis that we seemed perpetually "on the brink of" in 2012.