The month of July has been extremely eventful for almost all the asset classes with commodities, currencies and bond markets in upheaval and there were so many things happening during July that I have to summarize them into a small article. However, the events of the past month barely made a dent on the global stock market and most of the financial damage caused by these events will start to spread and affect the equities market in the months to come. Without further ado, here are the 5 economic hard-truths which we learn, thanks to all these drama, during the month July. China stock market is just like a casino The July started with the Shanghai stock index falling 30% over percent within a short month. A slew of measures from the Chinese government including suspending 1400 over stock counters and throwing more than $1 trillon dollars trying to support the stock market ......