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SocGen issues China alert as fears mount on banks

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posted on Sep, 24 2008 @ 03:23 AM
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SocGen issues China alert as fears mount on banks


www.telegraph.co.uk

"The collapse of emerging market economies will shake investors to the core. The great unwind has only just begun," said Albert Edwards, the bank's global strategist.

......

"The Chinese banking system is nearing the point at which it can no longer sustain additional large net withdrawals of liquidity without generating further strains on banks' ability to lend," it said.
(visit the link for the full news article)




posted on Sep, 24 2008 @ 03:23 AM
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Say goodbye to foreign purchases from China.


www.telegraph.co.uk
(visit the link for the full news article)



posted on Sep, 25 2008 @ 12:07 PM
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It may be a ploy, to get the bailout. Fear..........



posted on Sep, 25 2008 @ 12:10 PM
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Will this mean I'll no longer be able to get Multi-Regional PS3 games for my rare 60Gig PS3?

I was actually asking a serious question, although using a lighthearted example. What does "Say goodbye to foreign purchases from China" mean exactly?

Also with the way the Chinese are making their ish lately, I don't want any of that literal crap over here in the UK anyway!




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