Buddy, Can you SPARE A DIME ? World stocks, dollar tumbles !!!

Great fall of China sinks 

 

By Marc Jones22 minutes ago

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An investor stands in front of an electronic board showing stock information at a brokerage house in …

By Marc Jones

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LONDON (Reuters) - Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors.

European stocks were almost 3 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to 3-year lows as a three month-long rout in Chinese equities threatened to get out of hand.

Oil slumped another 4 percent, while safe-haven government U.S. an German bonds and the yen and the euro rallied as widespread fears of a China-led global economic slowdown and currency war kicked in.

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