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Greenspaned the works. He actually speculated that America may be facing a recession. But now noticing the stink in the room he is waving his hand behind his butt to clear the air.US slump possible, not probable-Greenspan quoted Then the Chinese government which is still unfamiliar with the operations of capitalism speculated on capital gains taxes, and the Chinese stock market listened, and crashed.
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at 19:04 on March 5th, 2007
China owns most of the US's debt. They were just pulling a little puppet string to see how it works.