This whole stock make crash started in China, and China's problem is a very old one: Central planning of an economy does not work.

Infrastructure improvements? China has built entire cites that no one is living in. Chine "invested" in roads and high-speed rail systems, and even earned the praise of President Obama. But those projects were beset by corruption and shoddy work. The high-speed rail system proved not only to be expensive, but dangerous - just last month, forty people were killed in a train crash.

And remember the hundreds of millions of dollars America lost by "investing" in Solyndra and other "alternative energy" companies? Well, that was nothing compared to what China has lost by investing in solar energy.

Will America learn from this failure? I doubt it. There have been plenty of examples before that America didn't learn from. And as long as the Federal Reserve is around to bail out Wall Street, why worry?

Onward and upward,
airforce