China to inject $174B of liquidity on Monday as markets reopen
Gorbachev used to say that Chernobyl was where the USSR really started to crumble. The disaster made clear how morally bankrupt and technically incompetent the system really was, wiping out any remaining goodwill or trust. Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces.<p>I suspect China will experience a similar moment at some point. This might well be it.