"I'm sure you must have heard about the recent disaster in the Chinese stock market."It's my first time experiencing something like this. And it shocked me. It's like the world is suddenly turning upside-down. Everyone is running for themselves."People here feel hopeless, as they see so many government bailout plans fail."There are so many rumors I can't tell what's true and what's not. Some even said that it was US capital shorting Chinese index futures."
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Bill Bonner is founder and owner of Agora Inc., one of America's largest consumer newsletter publishers. Best-selling author and globe-trotting correspondent since 1999 for the Daily Reckoning email, he is chairman of family-wealth advisory Bonner & Partners, and co-author with his son Will of Family Fortunes: How to Build Family Wealth and Hold Onto It for 100 Years (Wiley, 2012).
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