When the facts change I change my mind, what do you do sir
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As China stocks sink, some accuse Morgan Stanley, other foreign forces
The recent, drastic stock-market meltdown in China seems to have freaked out the country’s government and central bank, as their repeated efforts to stabilize the markets have failed, at least so far. And now, some segments of Chinese society are now raising the possibility that “evil” market forces going short to ruin the economy, and even suspecting investment “predators” of lurking behind the turmoil, with Morgan Stanley MS, -0.91% among the names mentioned. Mainland China’s benchmark Shanghai Composite Index SHCOMP, -5.77% had plunged more than 24% from its June 12 peak as of Thursday’s close, ... (full story)