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World Markets Collapse, Shanghai Down 8%, Europe Slides At Open

World markets continued the collapse that began late last week. The Shanghai Composite dropped over 8%. The Nikkei was off off 4.6%

In Europe, The FTSE and DAX fell over 2% at the open

The primary reasons for the sell offs appear to be the effects of a slowing economy in China on the balance of the world, a Japanese economy which refuses to recovery and a tepid recovery in Europe

By Douglas A. McIntyre