On the week of August 18th–25 investors and companies around the globe were left shocked and worried when the Stock Market plunged nearly 2,000 points over the course of six days. as this drastic and startling event left people wanting answers Wisconsin governor, Scott Walker, proposed an explanation saying "It's China's fault." according to officials China confirmed that indeed their stock market was doing well, all until they drastically decreased trade with the United States over a period of a few weeks. Walker, alongside many others, believe that China should be held accountable for the decline in the stock market due to their complete lack of honesty and manipulation about the condition of their economy. Although the reduction in the stock market cost thousands of dollars loss and a bit of a scare it went back up almost 1000 points between Wednesday, August 26 and Thursday, August 27.
Analysis:
The author of the article, Tim Koechlim, who is the Director of the International Studies Program at Vassar college explains to the audience the effects of the recent stock market crash and the little actions Obama chose to take towards it. For me personally I have never understood or even cared about the stock market or the United States economy for that matter. After reading this article the need and importance of the stock market was put into perspective leading me to understand just how vital are economy is to our survival and to the rest of the world.
http://m.huffpost.com/us/entry/8050624
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