Global Stocks Slide on Worries About China's Slowing Economy
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U.S. stock prices fell sharply Monday, with major stock indexes closing down by around 1.6 percent in the first full trading day of 2016. The selloff was sparked by a series of disappointing reports on Chinese manufacturing, and the impact of increased geopolitical tensions on oil prices. But while some analysts say the Chinese slowdown is likely to have only a limited impact on developed economies, others say what happens over the next few days will be critical. Mil Arcega reports. Originally published at - http://www.voanews.com/media/video/3131421.html
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There has been inflation since 2010. The price of food going up and never declining. Now smaller packaging for smaller amounts for the inflationary price. Dollar lost buying power taking Fed to print more. Now there is deflation without imported goods to buy from China. Same country that sold us cat and dog food, milk, pork and fowl so tainted with disease and arsenic that was evident to our look the other way government. Next hyper-inflation with a lot of recession mixed into it. Housing boom defeated by the Saudi oil debacle, banksters will their own perverted idea of sub- sub-prime loans and the derivatives market with a side of borrowing trillions to support other countries who hate us enough to attack us on our own soil. Yup, it's a recession.
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2016 = worst recession in living memory.
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Fuck you Obama! the south will rise again!
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china made its money off of exporting, americans are poor and the middle class has collapsed, which reduces demands for chinese exports.
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