China's Dilemma: Is It 1987 Or 1929?

China’s Dilemma: Is It 1987 Or 1929? by Guggenheim Partners If Chinese policymakers don’t alter course soon, the current Chinese equity market correction could turn into a stock market plunge similar to what happened in the United States in 1929. Global CIO Commentary by Scott Minerd Having spent the summer ruminating over the macro events in Europe, my focus has now turned to the U.S. stock market crashes of 1929 and 1987. Why, you might ask? The answer lies in China, where policy interventions in the face of a steep selloff are quickly becoming the first blemish on Xi Jinping’s…