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Talk about deleveraging. Markets all around the world are getting spanked. Brazil hit the circuit breakers after a 10% drop. Argentina’s MERVAL dropped 18%. Iceland is basically a very large crater by now.
But the real contagion that no one is talking about is the busting of the seaweed bubble:
No one has any idea what happened, eh?
Hmm… didn’t Alan Greenspan take a vacation in Indonesia recently?
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