Monday, July 13, 2015
China's Stock Market Crash is several times the Greek Problem
Ad Majorem.....Wealth Builders
The Greek default involving some 200 billion Euros pale in comparison to China's stock market crash which wiped out some $3.3 trillion of wealth. Some $2.6 trillion assets are frozen. The crash represents 40% of the total market China's stock market cap. The sudden increase in share prices last year may not have been based on stock fundamentals, but based on psychological perception
From Slashdot - Chinas Stock Market Hammered
From Fortune - Chinas stock market loss is equivalent to to 9 Greece economies
The Greek default involving some 200 billion Euros pale in comparison to China's stock market crash which wiped out some $3.3 trillion of wealth. Some $2.6 trillion assets are frozen. The crash represents 40% of the total market China's stock market cap. The sudden increase in share prices last year may not have been based on stock fundamentals, but based on psychological perception
From Slashdot - Chinas Stock Market Hammered
From Fortune - Chinas stock market loss is equivalent to to 9 Greece economies
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