China’s year-end cash crunch, the one that the government didn’t want journalists to call a cash crunch, is a very serious situation, Patrick Chovanec, chief strategist at Silvercrest Asset Management, said this morning on the MoneyBeat show.
“It’s very similar to what happened after Lehman collapsed,” he said, “where people can’t get enough cash to cover their obligations.”
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IBM stock was up some 6% Thursday after a solid Q2 earnings report Big Blue was in the black on Thursday as IBM (NYSE:IBM) stock rose more than 6% after...
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