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As the Dow Jones Drops

Posted August 24, 2015 by Ian Welsh

Down about 1,000 as of this writing. (Since mostly recovered.) Let’s review: first various “emerging economy” exchanges lost value, then China, then Wall Street. The actual economic contagion started with resource prices. That was driven by reduced demand, primarily from China.  Oil prices (only one commodity), already under pressure from moderately increased supply (it was […]

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