The China Bubble has Burst !!

The Shanghai stock market has lost 1/3 of its value in less than a month. CNN's David McKenzie explains how this could hurt the average investor.








The secret to the faux soon to burst US economic recovery bubble, not the FED'S three back to back Quantitative Easing programs but CHINA, the biggest real estate bubble in human history is not the United States, but here.

In a week where all headlines were focused on Greece's economy, another financial crisis has been competing for the world's attention - shares on China's stock markets have nosedived, prompting fears of the biggest financial disaster since the 1929 Wall Street crash.More than $3.2 trillion has been wiped out in less than a month - an amount more than 10 times the size of the entire Greek economy.The Chinese government has issued an emergency response, signalling serious concern about the crisis. Beijing has unveiled plans to lend billions to Chinese brokerage firms and has even allowed basic pension funds to invest in the markets.Despite these attempts to help the flagging economy, over a 1,000 companies have halted trading on mainland Chinese exchanges.

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