HI,
EXCUSE ME IF THIS BLOGGER IS CONFUSED BUT IS $22 TRILLION DOLLARS LOST IN THE RECENT "DOWNTURN" OF 1900 POINTS IN THE STOCK MARKET NOT A MAJOR PROBLEM ??????????????
THIS BLOGGER CERTAINLY REALIZES THAT WE DO NOT NEED PANICKED PEOPLE ALTHOUGH WHOMEVER LOST THOSE TRILLIONS OF DOLLARS MUST BE SOMEWHAT UPSET !!!!!!!!!!!!!! CERTAINLY ASIA'S RICHEST PERSON, WANG JIANLIN, WHO LOST $3.6 BILLION DOLLARS SINCE "BLACK MONDAY" THIS WEEK AND OVERALL $13 BILLION SINCE THE CHINESE MARKET BROKE ON JUNE 12, 2015, MUST BE FEELING A LITTLE UNDONE. THIS BLOGGER CAN GUESS HE'S MUSTERING HIS RESOURCES.
WHY SHOULD A DOWNTURN IN CHINA'S ECONOMY HAVE SUCH A DISASTROUS EFFECT ON AMERICA'S STOCK MARKET????????????????? CERTAINLY WE HAVE A TREMENDOUS AMOUNT OF TRADE, AMERICAN COMPANIES IN RESIDENCE IN CHINA, AND DEBT WITH CHINA !!!!!!!!!!!!!! HAS THAT BEEN WHAT CAUSED THE CHANGES ?????????? ????????
THIS BLOGGER HAS BEEN CONCENTRATING ON THE ACROBATS IN WASHINGTON WHICH IS CERTAINLY A SPECTACULAR SHOW, AND NOT PAYING AS MUCH ATTENTION TO ECONOMICS, ALTHOUGH IT'S NEVER FAR FROM WATCHING THE CLOWNS, WHO CAUSE MOST OF THE PROBLEMS.
WHAT'S HAPPENING HERE ??????????? according TO THE STREET.COM: "SEVERAL ONE DAY DOWNTURNS DRIVEN IN LARGE PART BY FEARS OF ECONOMIC TROUBLES IN CHINA".......CAUSED THE DOW JONES AVERAGE (THAT'S THE WALL STREET BAROMETER) TO LOSE ......"OVER 1,000 POINTS DURING MORNING TRADING AND CLOSED 588 POINTS DOWN AFTER A MID=DAY RECOVERY (THAT'S LIKE THE TEMPERATURE DROPPING FROM 100 DEGREES TO 60 DEGREES IN SUMMER-(bRRR).
STREET.COM CALLED IT "ONE OF THE BIGGEST SINGLE- DAY DROPS IN HISTORY"!!!!!!!!!!!!!!!!!!!!!!
OF COURSE HISTORY NEVER HELD THE GIGANTICLY INFLATED DOLLARS THAT WE NOW EXPERIENCE SO YOU HAVE TO MAKE A COMPARISON WITH THE DOLLAR IN 1932 TO MAKE A MORE TRUTHFUL BROAD STATEMENT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.
IN SHORT WHAT HAPPENED IS THAT CHINA AND THE UNITED STATES GOT MARRIED IN THE PAST TEN YEARS AND NO ONE ADMITTED THE WEDDING HAD TAKEN PLACE !!!!!!!!!!!!!!!! OF COURSE THE PRESS AS USUAL ONLY REPORTED THE NEWS AS GOOD NEWS AND NOT THAT THERE WAS COMMUNITY PROPERTY AT STAKE!!!!!!!!!!! ON BOTH SIDES !!!!!!!!!!!!!!!!!!!!!!!! SO THE WEDDING CREATED THE ACCUMULATED DEBTS ON OUR SIDE AS WELL AS THE CONSTANT TRADE OF GOODS. IT RADICALLY CHANGED EMPLOYMENT USUALLY HELD BY AMERICANS !!!!!! ERODED THE MARRIAGE WITH DEBT BECAUSE ONLY CHINA NOW DOES THE BIG WORK AND PRODUCES THE GOODS. THE WORRY OF A FAILING MARKET IN CHINA PUTS THE MARRIAGE IN JEOPARDY AS THE MARKET WEAVES ITS SPELL AROUND IT. BOTH PARTNERS IN THE MARRIAGE SEEM TO LACK JUDICIOUS SPENDING AND HAVE INJUDICIOUS HABITS OF BORROWING.
NOW THAT'S THE BEST ANALOGY AT THE MOMENT THIS BLOGGER CAN CREATE TO EXPLAIN HOW $22 TRILLION DOLLARS IN PAPER THAT REPRESENTED A LOT OF FORTUNES WAS LOST AND WE ARE STILL WALKING AROUND SPENDING DOLLARS.
WHO ELSE BESIDES WANG JIANLIN IN CHINA LOST MONEY AND WHO WERE THE BIG LOSERS IN AMERICA REMAINS A QUESTION THIS BLOGGER CAN'T ANSWER TODAY SINCE THE NET COVERING STOCK MARKET NEWS WENT BLANK DUE TO NET TROUBLES BUT I DON'T KNOW THAT IT MATTERS EXCEPT TO THE LOSERS.
NOW WHAT IS OUR PROBLEM AS THE PUBLIC ??????????????? WELL IT CERTAINLY DOESN'T SPELL GOOD RECOVERY IN AMERICA COMING ON TOP OF THE OTHER ECONOMIC PROBLEMS AND DEBT WE CARRY. SO DON'T EXPECT UNEMPLOYMENT TO IMPROVE SOON UNLESS WE CAN SPAWN A MULTITUDE OF NEW AND MORE CREATIVE SETS OF SMALL BUSINESS ENTREPRENEURS. IT CERTAINLY MEANS THAT WE WILL HAVE MORE AND MORE DEBTS. I CERTAINLY HOPE IT DOESN'T MEAN LIKE IN THE THIRTIES THAT WE WILL SUFFER A DEPRIVATION IN THE NECESSITIES OF LIFE. AS YOU MAY KNOW AFTER A LOSS OF THIS MAGNITUDE THE OUTCOMES ARE NOT ALWAYS CLEAR. THAT'S HOW FDR MANAGED TO YANK US INTO WAR TO PRODUCE GAINS AND SOCIALISM TO REDUCE FEAR OF INDIVIDUALISM.
SOME HAVE SPECULATED THAT CHINA, THE MATE WITH HER HAND ON THE TILL, IS DIRECTING THIS ECONOMIC CHAOS TO TOPPLE ITS RICHEST CAPITALIST JIANLIN OR TO MAKE AMERICA RECOGNIZE WHO IS BOSS IN THE MARRIAGE AND CHANGE AMERICA'S RELIGION FROM GOD TO COMMUNISM? OR PERHAPS IT'S A WIN-WIN FOR THEM !!!!!!!!!!! THIS BLOGGER DOESN'T HAVE ANY FACTS ON THAT THEORY BUT IT'S CERTAINLY TOTALLY POSSIBLE.
SUGGESTION. WELL, LIKE A ROLLER COASTER, TIGHTEN YOUR SEAT BELTS;TAKE ECONOMIC PRECAUTIONS BUT DON'T OVERDO THAT PART SO THAT YOU DRAG THE ECONOMY DOWN SOME MORE; BE OF GOOD CHEER SO THAT OPTIMISM CAN WIN THE DAY; AND TAKE A STRONG LOOK AT THE 2016 PRESIDENTIAL AND CONGRESSIONAL CANDIDATES AND DECIDE WHO ARE THE BEST "LAWYERS" TO NEGOTIATE A DIVORCE FROM THE MARRIAGE AND SETTLE FOR A GOOD FRIENDSHIP.
DO THOSE THINGS AND WE MAY GET BACK THE AMERICA WE LOVE THAT WILL PROSPER AGAIN !!!!!!!!!!!!!!!
CHEERS, CONNIE
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