Markets: Asian Contagion and the Fed

Following up on Sunday's posts:

Dubai, Saudi Markets Down Big On Sunday
The Week Ahead--"How to Gird Up Your Loins: An Illustrated Guide"
Oil Price Decline May Be Due For a (Brief) Pause
"Record capital flight from China as industrial slump drags on"

The Financial Times' flagship blog wraps it up in a nice little package. From FT Alphaville:

China’s Black Monday… and the Fed

Yes, China’s stock market just got walloped — off 8.5 per cent today wiping out all of 2015′s gains, lack of expected support being blamed, loads of support now being expected. “Xi put” awaited, albeit with a raised eyebrow.

For some though, the stock market rout doesn’t necessarily matter.

We however believe it does, whether due to the knock-ons throughout the economy via a new sense of gov fallibility alongside debt-entanglements (leverage, inflated collateral & unclear risk responsibility, if you will) or simply as a flashing warning sign that something somewhere is going wrong and all flailing by the gov must be for a reason. (And yes, it might be worth relooking at that last idea if China is actively stepping down support and letting the market fall.)...MUCH MORE