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Post by Deleted on Aug 24, 2015 12:45:17 GMT -8
JACK LEW IN CHINA: CHINA’S MARKETS AREN’T ‘LINKED’ TO REST OF WORLD  News & Politics, Money & Markets, International Jack Lew, speaking at the Brookings Institution in July, confidently assured that Americans were immune from weakening markets in China. "I will say that China’s markets still are pretty much separated from world markets," the secretary of Treasury, said. "They’re, obviously, moving towards being more integrated, but right now they’re not." "So you’re not going to, I don’t think, see the direct linkage there," Lew said. "I think the concern, that is a real one, is what does it mean about long term growth in China.” Source |
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Post by ♬ pkbucko ♬ on Aug 25, 2015 6:26:30 GMT -8
Have mercy.
Anyway...
That's just head in the sand BS. The idea that there would be no impact, that we're immune from China's propped up, weakening economy is wishful thinking. If their system crashes does anybody truly believe that there will be no effect?
You want an apacolyptic panic? Start thinking about how weak our own "recovery" has been coupled with Europe's economy in shambles and China teetering on the brink. Then tell me how good you feel...
If you're the kind of person that watches the markets every day, you are likely yanking your hair out right now.
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