The market drops over four hundred points after a Chinese stock market sell-off, caused by central government talk of a capital gains tax to cool their economy. This comes a day after Alan Greenspan ruins Ben Bernanke's rosy scenario message by talking about a recession at the end of 2007.
What say you: No big deal, or a sign of things to come?
2 comments:
Yes, I heard all the analyst saying this is a finacial market drop not an economic drop, blah blah blah and that the economy was moving too fast and this is just a correction in the market.....
Grrenspan warns us about the economy. Better prepare for the future.
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