The collapse in Chinese markets has brought into focus a question that Western nations have been grappling with since the 2008 financial crisis: how much, if anything, stock markets have to do with the real economy.
STERLING, N.D. - The grain elevator that towers over this small prairie town has been humming with workers loading crops onto rail cars destined for domestic and worldwide markets.
Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward.
Citigroup noted that Freeport-McMoRan Inc (NYSE:FCX) shares have fallen with the drop in copper and oil prices, and the company has responded by cutting capital expenditure to mitigate the revenue impact.
Protesters thronged Brazil's cities on August 16 demanding the impeachment of Brazil's President Dilma Rousseff, narrowly elected to a second term just last October, but not one of them made any reference to the Peter Principle.