Michigan residents fear China market tumble will affect their own finances.
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| "Oh - This not good" |
Last week around the 21st of August, governor Snyder left Michigan to visit China, and immediately after his arrival the China stock market crashed in spectacular fashion. How big was China’s stock market crash? It's been dubbed “Black Monday” - August 24th ending with Chinese equities down 8.5%, wiping out hundreds of billions of dollars in market capitalisation.
Was Snyder's visit and the Chinese market crash a coincidence? Probably. Well sure, of course. But it got me thinking. If governor Snyder
