The real problem facing the global economy isn’t little Greece and their fits surrounding debt. It’s China, the world’s second largest economy by GDP and their fits surrounding trading with debt. Margin buying seems to be the largest culprit behind the most recent decline over the past month on the Chinese stock exchange. If China’s economy contracts, it is a sign that overall demand in China is down, but also, if the trade surplus is negative, global demand is slowing as well.

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