MercoPress. South Atlantic News Agency
Fed warns about uncertainty in China and tightening financial markets
Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday. Read full article
Comments
Disclaimer & comment rules“...with the potential to drag down other countries dependent on commodity and other exports to China.”
Feb 11th, 2016 - 09:04 am - Link - Report abuse 0Thankfully Australia rode the China boom and is now slowly disengaging itself.
Exports to China are down and exports to India, South East Asia and the Americas are up. This is the diversification that I have been hoping for.
Hopefully America doesn't crash again so we can reach an uninterrupted 25 years of recession-free growth in this middle of this year.
Nobody cares about a beachy Canada. It is inconsequential to the world economy. The only reason it exists as a somewhat developed nation is solely due to its forward position for our Military and the good graces of the USA.
Feb 11th, 2016 - 12:25 pm - Link - Report abuse 0It certainly has nothing to do with work ethic, mfg or inventions.
China is going to shit itself soon, knock on effects around the world will be like dominos falling
Feb 11th, 2016 - 03:00 pm - Link - Report abuse 0Interdependence is OK but total dependence is problematic!
Feb 11th, 2016 - 03:20 pm - Link - Report abuse 0SOLUTION:
- not to keep all eggs in the same basket
- balance the budget
This is exactly what many countries do not practice and then blame the economy!
The BRICS concept, based on the wishful thinking that the group formed by Brazil, Russia, India and China (and S.Africa ?) would stimulate an irreversible wave of economic growth lead by these 'emerging' countries, seems to be going down the toilet. In its place is appearing the TICKS, pushing Russia and Brazil out in favour of Taiwan and South Korea, and maintaining India and China. With Russia and Brazil being dislodged, and Taiwan coming in, seems emphasis on commodities is being let go of, while technology is taking the place it deserves.
Feb 11th, 2016 - 03:36 pm - Link - Report abuse 0One thinks it would be very prudent to insure ones self against the possible or inevitable collapse of china,
Feb 11th, 2016 - 08:40 pm - Link - Report abuse 0it may not happen, but to make alternatives now will save a lot of pain and disappointment later.
just an opinion.
China is going to go through a crisis much worse than the one in 2008. It doesn't have near enough cash or goodwill/credit to stimulate or fix the problem.
Feb 11th, 2016 - 09:16 pm - Link - Report abuse 0First time the “media” realize it was a couple weeks ago and they're now saying they may run out of cash next year.
I've been saying this for many years.
Their economy is a farce
It is smoke and mirrors
They will pull Germany down with it.
Germany will pull the EU down and probably the EU collapse with it
The only bright star will be North America. Cash will flood into the USA as the only safe spot in the world.
Like nothing you've seens since the 1950s-60s.
Believe it or not
I'm usually right.
Janet Yellen doesn't inspire much confidence.
Feb 11th, 2016 - 11:05 pm - Link - Report abuse 0Every time she opens her mouth the US stock markets collapse.
8. Odumbo appointee...
Feb 11th, 2016 - 11:28 pm - Link - Report abuse 0Nuf said.
It'll change when the new Prez forces her exit.
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