Capital Commerce

Yes, China Sunk the Market

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Posted: December 1, 2008

Again, keep your eyes on China. Why was the market down 680 points today? Larry Kudlow nails it:

"The real source of today’s stock market plunge is a collapse of China’s purchasing managers index, which fell to 40.9 in November from 45.2 in October, its fourth straight monthly drop. Inside the index, export orders fell significantly. All of this suggests big cuts in China production, employment, and investment, including infrastructure investment.'"

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Not 13 Biillion, 1.3 Billion

China's estimated population is 1.3 billion, not 13 billion.

of @ Dec 02, 2008 13:04:11 PM

Funny

Please america, solve your own problem instead of blaming to someone else...

ben of AL @ Dec 02, 2008 12:06:51 PM

Who is the real criminal!

I think the writer who report such things never respect the reality, please take a look at the some just news press or paper. You will know that the chinese government have already to expand its internal demand, the investment will be reached USD700 billion to improve the infrastructure. And the above amount is just invested by the central government, If also consider the investment support by some provincial council, the total investment have already exceeded USD2100 billon. But on the contrary, The financial crisis was cause by the USA. And that deadly reason is the status of the USD. I think the American government is very selfish and useless. And the presidential candidate in America just want to win the campaign, so that they often promise something which will damage the economy,even the whole country.

of @ Dec 02, 2008 03:38:44 AM

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