The affect of the Chinese stock market crunch of this summer time and the renminbi devaluation shouldn’t be overestimated. The deterioration in the stock market is a mirrored image of falling income and profits and the inevitability of upper rates of interest courtesy of the Federal Reserve. Jones and Garzarelli received huge consideration within the wake of the crash, with the media framing them as all-realizing market seers. Instead, we want the pleased talk that may simply keep coming out of Wall Street and Washington till the 2016 collapse.
The Shanghai Composite SHCOMP, +0...Read More