As American economists try to assess the health of the U.S. economy, Asian markets tumbled further after last week’s so-called “correction.” Much of the blame for the 500 plus point drop on the New York Stock Exchange is being directed at China. Beijing has lost control of its economy, experts say, pointing out that the formerly fast-growing economy was unsound from the start.
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China, Japan and Europe Are Flashing Economic Warning Signs
Posted August 25th, 2015 at 8:48 am (UTC-4)
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Even before the recent plunge in commodity and stock markets, the world economy was weak. But recent data from China, Europe, Japan and other countries suggest that growth is slowing more sharply than many analysts had anticipated.
The Only Thing That Can Save This Market
Posted August 24th, 2015 at 9:24 am (UTC-4)
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The Chinese have lost control of the stock market; despite arresting short sellers (those who bet that stocks will fall), forbidding large institutions to sell and halting trading of a majority of the stocks, the Chinese stock market continues to fall.