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China markets get obliterated. This is why you need to pay attention.

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It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly:

Today marked the fourth largest decline of the Shanghai Composite in two decades.

Today the benchmark Shanghai Composite plunged 6.4%.  That brings the carnage for the week to a total of 13.3%.

Next stop?

Next stop?

All major stock-market reversals are worthy of attention:  But this is different.

This is the world’s second largest economy, and it’s a house of cards.

China is primed for collapse.

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