| The DOW has certainly been taking big beatings in the recent past with more likely to follow. This meltdown is far from pretty. I think the Shanghai stock market has suffered enormously this year. How has this affected my daily life? Answer: I have a lot of mixed feelings including disgust, angst, fear, worries and a general sense of not feeling very wealthy riding on a downhill roller coaster and feeling my house value drop. I heard that Icelandic banks were previously very aggressive opening banks in Norway and promising depositors high interest rates. Now those poor Norwegians can't even get their money out. |
Impact of US Financial Crisis on China