Posted on 01/07/2016 9:09:47 AM PST by Signalman
Stocks around the world plunged again on Thursday. The market volatility in China has raised concerns that a new financial crisis may be just around the corner.
We've seen what concerns about slowing China demand has done to oil and other commodities. And if the continued devaluation of China's yuan leads to an outright currency war, that could be truly scary. But other market experts think comparisons to 2008 are way overdone. "I don't think China is going to implode," said Jeffrey Saut, chief investment strategist for Raymond James. He adds that there is little risk of contagion now since banks have cleaned up their balance sheets after the credit crisis eight years ago. So far, investors are simply worrying about the same risks that have been known concerns for the past year. It's no secret that China's economy is slowing as it shifts to a more consumer-led economy. "There is a risk of overreacting. China's transition from an exporter and factory to the world to an economy that's driven by domestic demand is well known," said Nicholas Yeo, head of Chinese equities at Aberdeen Asset Management. And the collapse in commodity prices has been going on for awhile too.
(Excerpt) Read more at money.cnn.com ...
Dow is down 200 points after futures plunged 400 points.
In a word no, but rather we’ve been in a continuation of 2008.
Where do i put my money to save for my daughters college fund these days?
Gee wiz, there is no place safe.
It is most likely just another of the warning signs that indicate that it is NOT a matter of IF....but WHEN the entire worldwide system collapses.
Only God can effectively help us.
Under your mattress or the floor boards.
I was afraid of that
And somehow he’ll still blame this on the Republicans and Bush.
Pay off all debt. Guaranteed rate of return equal to the interest rate.
Interest rates have never been lower.
Paying off a 3% mortgage still eliminates 3% a year interest AND the after tax income needed to earn it.
And then there’s the security of paying it off, and reducing your monthly expenses.
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