iOS app Android app More
September 1, 2015

The China Syndrome: Bubble Trouble

The financial markets have been through some wild and crazy times over the last two weeks, although it appears that they have finally stabilized. The net effect of all the gyrations is that a serious bubble in China's market seems to have been at least partially deflated. After hugely overreacting to this correction, most other markets have largely recovered. Prices are down from recent peaks, but in nearly all cases well above year-ago levels. But the stock market is really a sideshow; after all, back in 1987 the U.S. market fell by almost 25 percent for no obvious reason, with little noticeable effect on the U.S. economy. The more serious question is what is happening with the underlying economy, and there are some real issues here.

WATCH: Kentucky Clerk Defies SCOTUS On Same-Sex Marriage License

Kentucky Marriage Clerk
Hillary Thornton

Clerk: I'm Acting 'Under God's Authority'... Couple Asks Judge To Hold Clerk In Contempt...

GOP Establishment Getting Trounced By Outsiders In Polls

Jeb Bush
AP

More Politics
Warren's 1st Stop.. Poll Favors Sanders.. Canada vs. Walker.. 'Nuclear' Christie.. Fox 'Criminal' Attack

Why Aren't We Talking About This Study On NFL Violence?

Journal Of Criminal Justice
Journal of Criminal Justice

More Sports
Russell Wilson's Miracle Water.. Darryl Dawkins Dead At 58.. Usain Bolt Vs. Segway.. Serena Sings..

Anderson Cooper: Reporting On Katrina Was A 'Privilege'

Athena Image
ALEX BRANDON/AP

More Media
Anderson Cooper On Katrina.. Rand Paul Slams Fox News.. $500K Unionization Campaign..

Marissa Mayer’s Pregnancy Is Irrelevant To The Parental Leave Conversation

Athena Image
ASSOCIATED PRESS

The Story Behind Hillary Clinton's Mysterious Gefilte Fish Email

Athena Image
ASSOCIATED PRESS

PLUS: Aide Stayed Up 100 Hours Straight To Write A Speech... Called Out 'Ogrish' Men On Staff... 7,000 Pages Of Emails Released...

Why Germany Will Undergo Radical Change This Summer

Germany Refugee Crisis
Anadolu Agency via Getty Images

More WorldPost
Violence In Ukraine.. 'Foolish Mistake'.. Kim Syria Park!.. No-Fly Zone Case.. 50¢ Paper Microscope?

Obama Slammed For Climate Hypocrisy During Alaska Visit

Athena Image
ASSOCIATED PRESS

Obama Seeks Foothold In Rapidly Changing Arctic

Understanding Mass Killers As 'Injustice Collectors'

Vester Flanagan
WDBJ-TV via AP

More Crime
Twins Drowned.. Dog Abuse.. Accidental Shooting.. Jared Fogle.. Inmates With Legionnaires'

Chris Christie Threatens To 'Go Nuclear' In The Next GOP Debate

Athena Image
ASSOCIATED PRESS

WHAT'S WORKING
Fewer Americans Skipping Health Care Because Of Cost

Obama
PAUL J. RICHARDS via Getty Images

State Department Releases Another Batch Of Hillary Clinton's Emails

Athena Image
ASSOCIATED PRESS

The Mysterious Gefilte Fish Email... The 'Ogrish' Men On Staff... The Aide Who Stayed Up For 100 Hours Straight...

Apple Co-Founder Steve Wozniak Tweets Support For Bernie Sanders

Athena Image
Manuel Velasquez/STR via Getty Images

More Tech
Rude Smartphone Users.. Cat Videos.. Email Obsession.. New iPhone.. Instagram Update.. Gaming

New White House PSA: Sex Without Consent Is Rape

Its On Us Josh Hutch
YouTube: It's On Us

Thailand Arrests Main Suspect In Bangkok Bombing

Bangkok Shrine
ASSOCIATED PRESS

The Black Millennials Helping Detroit Come Back

Athena Image
The Huffington Post

Hungary Shuts Down Budapest Train Station To Curb Migrant Travel

Athena Image
VLADIMIR SIMICEK via Getty Images

UN: As Refugee Tide Mounts, No One Is In Control

Auschwitz Cooling 'Showers' Anger Visitors

Auschwitz Misting Spray
Haaretz

U.S. Smoking Rate Hits Historic Low

Athena Image
Credit: Adam Gault/Getty Images

Satellite Image Confirms ISIS Destruction Of Ancient Syrian Temple

Japan Scraps Olympic Logo Over Plagiarism Allegation

Athena Image
ASSOCIATED PRESS

Trump Unleashes Grotesque New Attack Against Jeb Bush

Athena Image
ASSOCIATED PRESS

More Latino Voices
Same-Sex Couples Wed In PR .. State Dept. Criticizes DR Deportations.. Gina Rodriguez Raps

SCHEIBER: Obama Lives Up To 'Reagan' Promise

Reagan Obama
AP

Man Suspected Of Killing Texas Deputy Had History Of Mental Illness

Athena Image
Credit: ASSOCIATED PRESS

Police Shoot Man Suspected Of Stalking Female WWE Wrestler

Athena Image
ASSOCIATED PRESS

REPORT: Apple Flirts With Original Programming

Athena Image
ASSOCIATED PRESS

Fox News Guest Host Calls Black Lives Matter A 'Criminal Organization'

Athena Image
Credit: Steve Snowden/Getty Images

Religious Exemption Laws Can Hurt Women And The LGBT Community

Athena Image
Arun Nevader via Getty Images

Obama Calls For A Greater Effort To Fight Ovarian Cancer

Athena Image
Isaac Brekken via Getty Images

Fast Food Kids' Meals Could Become Healthier If This Policy Passes

Athena Image
Travelpix Ltd via Getty Images

The Net Worth Of Each Presidential Candidate

Athena Image
Mary Schwalm/AP

Walker Walks Back The Wall

Athena Image
ASSOCIATED PRESS

Despite Rumor, Obama Has Not Finalized Post-Presidential Plans

Athena Image
ASSOCIATED PRESS

Supreme Court Temporarily Spares Bob McDonnell From Prison... Again

Athena Image
ASSOCIATED PRESS

Chipotle Sued For False Advertising Over GMO Claims

America Americas North Americusa Us Usa West Weste
Bloomberg via Getty Images

Walmart Is Cutting Back Some Employees' Hours After Raising Wages

Athena Image
ASSOCIATED PRESS

More Business
Sustainable KitKats.. General Mills' Warning.. Walmart Cuts Hours.. eHarmony Jobs.. Twitter Womp

Warren Hits The Campaign Trail

Athena Image
Chip Somodevilla via Getty Images

First Stop: Russ Feingold In Wisconsin

Canada To Walker: 9/11 Terrorists Had U.S. Visas

Rand Paul: Wall Idea 'Pretty Dumb'... An Absurd Solution To A Real Problem

WHAT'S WORKING
The Surprising Way Children's Hospitals Are Fighting Cancer

Athena Image
ASSOCIATED PRESS

The Shakeup Election: Old Order Fails

Ben Carson
Bloomberg via Getty Images

FOLLOW HUFFPOST

    1. HuffPost
    1. HuffPost
    1. HuffPost
    2. View all RSS feeds

What Kanye's First State Of The Union Would Look Like

Kanye West
Matt Sayles/Invision/AP

Mickey Mouse Just Got One Hot, Gay Makeover

Alfredo Roagui
Alfredo Roagui

More HuffPost Live
The Latest Season Of 'Modern Family'.. On-Campus Sexual Assault.. 'Sesame Street'.. Nina Garcia

Why One Community Chooses Not To Tell Their Stories On The Internet

More Arts
Street Art Murals.. Women Sci-Fi Writers.. Colorized Photos.. Selfies And Depression.. Feminist Art

These Tragic Drawings Spell The Trauma In Boko Haram's Victims

Athena Image
Doctors Without Borders/Médecins Sans Frontières

More Impact
NOLA's Comeback.. India Ends Awful Disease.. Slain Journalists' Fund.. Water 'Privileges'

If You Want To Seduce Your Spouse, Buy This Item

Couple Sex
MilosStankovic via Getty Images

More Fifty
Kevin Bacon.. Top Spots To Retire Abroad.. Enjoy HOT Sex In Middle Age.. 6 Reasons To Love Aging

Surrealist's Joyfully Perverse Photos Will Make You Blush (NSFW)

Hanel 1 Planche 30 Du Chaman 1967 Vintage Silver G
Hanel 1, planche 30 du Chaman, 1967 Vintage silver gelatin print 15.4 x 10 cm

Hero Saves Toddler Dangling From 4th-Floor Window Using Only A Mop

Window Rescue China
CCTV

Reporter Totally Freaks Out On Live TV... Over A Big Bug

Live Tv Bug
Fox 5 San Diego

What's New On Netflix In September?

Athena Image
AMC

PLUS: Which Movies Are Going Away

Sleeping Alone May Be Better For Your Health

Athena Image
Alamy

More Healthy Living
Female Athletes.. Depression Tattoo.. Yoga.. Pessimists.. Underrated Workouts.. Dehydration

This Tom Brady Courtroom Sketch Is MUCH Better Than The Last One

Tom Brady
Jane Rosenberg

9 Weird Things Dehydration Does To Your Body

Drinking Water
Polka Dot Images

What A School Talent Show Taught Goldie Hawn About Perfection

Athena Image
Courtesy of Goldie Hawn

More OWN
Unexpected Signs You're Stressed.. Trick To Stop Snoring.. Truth About Generic Drugs.. Smart $ Moves

2 Fishermen Make The Catch Of A Lifetime

Kittens
Facebook/Jason Frost

What Introverts Need To Know About Making Friends In College

College Student Asian
Peathegee Inc via Getty Images

WHAT'S WORKING
'100 Black Men' Are Changing Their Community For The Better

Athena Image
Ron Levine via Getty Images

More Black Voices
Katrina's Affect On Kids.. Broadway Actor Dies.. VMAs.. #Kanye2020.. Cultural Appropriation

5 Yoga Moves For Better Sex

Yoga
Hero Images via Getty Images

Veterinarian Who Killed Cat With Arrow Broke State Rules

Cat
via Remembering Tiger

How To Quickly Delete All The Garbage From Your Gmail

Woman Uses Her Obituary To Campaign For Bernie Sanders

Athena Image
Win McNamee via Getty Images

Here's The Trailer For 'Concussion,' The Movie That's Making The NFL Nervous

Twitter
Twitter

Want To Lose Weight? Find A Great Doctor

Athena Image
Blend Images/John Fedele via Getty Images

Do Dogs Feel 'Guilty'? Here's What The Science Says

More Science
Neil deGrasse Tyson On Black Holes.. Meet The 'Rarest Animal'.. Flu Vaccine Breakthrough.. Racial Bias

Boss Lady Serena Williams Has Zero Time For Body-Shamers

Athena Image
John Lamparski via Getty Images

More Women
Women In Porn.. How To Make Friends.. Honest Puberty Video.. Sexy Self-Love Songs.. 24 Bared Scars

The Easiest Way to Clean Up Broken Glass

Drinks
PureWow

More HuffPost Home
A DIY-er's BFF.. Sweat Stain Tips.. Slow Cooker Tricks.. Ikea Dresser Hack.. Decluttering Musts

QUIZ: Which Miley Cyrus VMAs Outfit Are You?

Miley
Getty Images

BBC Presenter Can't Keep Calm After Team Spots Blue Whale

Whale
BBC/YouTube

More Good News
'Les Mis' Flash Mob.. Badass Grandma.. Pit Bull Memes.. Pug Reunites With Owner.. Kissing Booth

Woman's Depression Tattoo Is Going Viral For The Best Reason

Bekah Miles
Bekah Miles / Facebook

Modern Slave Tells Her Story In 'The Storm Makers' Documentary

Everyone's Thinking About Obama Drinking His Own Urine, Thanks To Bear Grylls

Athena Image
SAUL LOEB via Getty Images

Why It's Disturbing That Women Are Prizes In Video Games

Grand Theft Auto
YOSHIKAZU TSUNO via Getty Images

Is There Anything Cuter Than A Seal Getting A Belly Rub?

Athena Image
YouTube/Gary Grayson