Shanghai Composite Index!

The ripple effect has final hit in China.  The Shanghai Composite Index has reached it’s lowest in 12 years.  The problems with the economy in America is one of the main reason for this.  Since just about everything is imported from China this was bound to happen.  American’s are not spending money and are staying home more.  I heard that China has a surplus of $26 billion in goods.  That’s a lot of stuff just sitting there.  When things are bad in America things will be bad everywhere.  One thing will fix this economic problem for everyone, bring down the high gas prices.  And you will see what will happen.  People will go out to dinner more and shop till they drop.

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This entry was posted on Monday, August 11th, 2008 at 2:16 pm and is filed under Economy, Investing, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.