Rollercoaster DOWN On Wall Street

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

Wheeeee!  Dow dropped over 500 today (and over 300 yesterday).  Let’s look at the past six weeks:

wheeee

Nice little dip there at the end, huh?

What’s going on?  It’s China.  It’s always China.  They are having hard economic times.  So everybody feels it.  The people I feel sorriest for are the Chinese workers making our Apple and Samsung products, as well as our fashionable women’s clothes.  (Actually, the conditions for Chinese workers in Apple and Samsung are getting marginally better).  Those people are going to be working 24/7 under forced labor.  And their kids.