our (false) economy has been driven by home equity spending for the last 4-5 years.....i called it the era of 'morons with money'....most already spent it all and are losing their homes....worst is yet to come in next 12-18 months......auto sales tell the story. some even tried the markets...thinking they would have the same dumb luck the did with the house(s) they bought.....it worked for a while but they are the first to run scared....interesting days ahead. ajmho
The Chinese stock market has suffered its worst day of trading in 10 years after a large wave of share selling by leading investors.
The benchmark Shanghai Composite Index fell nearly 9%, its worst daily performance since February 1997.
The fall comes amid rumours of a crackdown on illegal share offerings and trading, as well as fears about accelerating inflation.
The drop triggered falls in other markets across Asia and Europe.
In Hong Kong the Hang Seng index closed down 1.8%, while in Japan the Nikkei 225 index slid 0.5%.
Markets in London, Frankfurt and Paris also opened sharply down with leading mining stocks - whose performance is influenced by the state of the Chinese economy - under pressure.
News 
Market Data 
Discover 
AI
