P!
Just read this tweet
“Shanghai Composite dropping faster than a working girl’s fishnets. Another 7.6% today and 21% down over the last five days”
People are really hurting :-(
More tweets here...
https://twitter.com/search?q=Shanghai+Composite&ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Esearch
I wonder if there will be a drop off in Chinese studying at American universities?
U.S. futures are propped to look good for the moment, the Dow future at just over 16,000, S&P just over 1,900 and NASDAQ just over 4,100, thanks, in my guess, to those trying to calm markets. We’ll see what happens through the middle of the week.
The crash of 1929 was a long process. The current one, due to many safety measures, has been much longer so far.
The princelings are protected.