Agree or Disagree: The Shanghai is down 17% from its high, it may tank further and this will have no effect on the Chinese economy, the world stock markets or any other economy outside of China. I know someone from China who was just on the phone with their mother. Apparently most people had taken their savings and threw it in the market. Many of you remember the painful lessons of 2000 and there was a huge destruction of wealth. I believe the same lessons will be learned in China and the end result will be negative.