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Economic Turmoil: China, Deutsche Bank

The world awoke Friday to some devastating economic news.  First, Chinese exports and imports have collapsed, suggesting that its economic recovery was a sham.  China is sitting on a multi-trillion dollar credit bubble that if it pops will make '08 look like fantasy land.

Second, Deutsche Bank has just sold $4.5 billion worth of junk bonds to make ends meet while simultaneously ordering a complete hiring freeze.  Investors are panicking.


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