How will this affect you?

Charles Hughes Smith’s post.

Since the Shanghai market tends to lead the U.S. and other global markets, a breakdown in China’s market can be seen as a predictor of what lies ahead in the U.S. and other global stock markets.

The wheels are falling off the China story. A massive wave of malinvestment since 2008 is cresting, and the stupendous stimulus provided by gargantuan local government and private lending is expiring.

That’s what the chart is telling us if we “read between the lines.”

Like global petroleum, this will have an impact on your daily life. Got preps?

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