The market decline: how linear thinking about China missed geopolitical warning signs.
…These linear-thinking analysts vastly underestimated the worldwide effect of a China slowdown on the world economies. Many of which have economies that have big agricultural and mineral components whose prices were significantly affected by the Chinese economy. And, many of which are buyers of American goods. Unsurprisingly the Shanghai market started going back down once the artificial props that China was inserting into it ended or slowed down. Practically the decline accompanied the geopolitical event of the IMF refusing to include the Chinese Yuan as a reserve currency. It was still too artificially propped up. …Apple’s drop…Read More