There looks to be some moderately sharp losses developing in Asian markets during Tues. trade. China seems to be the focal point. Markets there are down several percent.
This article might be part of the issue:
Hamlin, Kevin, 2010. China inflation 'volcano' may prove too hot for controls after cash surge. Bloomberg News, Nov.22.
Bottom line, there is a serious inflation situation developing in China that is perhaps already beyond control. The government is taking extreme measures in an effort to control inflation, however, the common people are being hurt severely.
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