China...China....China....
How is it that China has become the canary in the coal mine for the markets in the US?
A Communist State controlled economy that is essentially uncontrollable plus economic numbers that were once laughed at and totally mistrusted and now are considered as accurate as ours.....??????
LOL....I think That is kinda funny....One of us has fallen into the pit....and it is not China....
Because virtually every consumer product that you use and consume, outside of food, fuel and services, is manufactured in china. China IS our manufacturing base, and if they go down, we go down with them.
I think all countries have too much debt, including China.
China’s consumers are still flush with savings, but its banks and local Governments are a mess, yet they are protected from speculators, runs and wild market swings. Here in the USA, it seems everyone is deep in debt - consumers, local Gov’ts, and the Federal Gov’t.
I understand China buys something like 60% of copper production now, so if their economy is slowing, copper demand should tell us.