June 20, 2013 at 13:14 PM EDT
Emperors With No Clothes: A Banking Crisis Will Expose China ETFs
SHIBOR is now the acronym of the week. The Chinese equivalent of the London Interbank Offered Rate (LIBOR) spiked overnight, roiling global financial markets in the process. At one point, overnight SHIBOR surged almost 580 basis points from yesterday's levels to 13.4 percent and one-week SHIBOR climbed nearly 300 basis points
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