
Emerging Markets Crushed by Double Squeeze in China and America
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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Emerging Markets Crushed by Double Squeeze in China and America
 
		By Ambrose Evans-Pritchard
The Shibor overnight lending rate in Shanghai spiked violently to 29pc, with wild moves in seven-day and one-month money. The central bank refused to intervene to calm markets, apparently determined to purge excess from the credit system.
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