Anybody who doesn’t believe BushCo’s massive, Chinese-financed debt is a long-term Sword of Damocles should think again The Shanghai stock market gives up 9 percent, and the Dow and other industrialized exchanges get tugged down with it.
This also illustrates how “Wall Street” is NOT real capitalism, nor reflective of the working person’s economy.
Self-interested, self-serving CEOs and boards of directors have trading caps when the Dow starts falling, but let it rise exorbitantly and “hey, that’s great.” If the Street had caps in both directions, we might have avoided the dot-com bubble.
But that wouldn’t be self-serving enough.
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