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Well, we appear to be sliding down that wall of worry at the moment in what so far is a perfectly normal and healthy market downturn. The S&P 500, for example, is down just 4% from its record highs as I write this, not even a pullback, just a run-of-mill dip.
But there are a few risk factors that could potentially ignite a global financial crisis and China’s potential “Lehman moment” is one of them.