Last week, as the panic spread, CNN, CNBC, MSNBC, and ABC told us that China and the US were not linked that strongly, and their decline would not affect us that much.
What a bunch of lies.
Not only are they selling US Treasuries like made, devalued their currency, propping up their own markets, they have made it against the law for many investors to sell their own stocks.
Take a look around your house, and see how many "Made in China" tags you can find. Go ahead. I'll wait.
Amazing. Isn't it?
Your clothes, your appliances, even your pet dishes.
Don't forget about the stuff in your garage. What about those Harbor Frieght tools? Yup. China again.
So, what is going to happen this week?
I am not sure, but even Newsweak gets it now.