OZY: How China's Money Mess Helps the U.S.


Assuming he wasn’t much of a markets investor, baseball great Yogi Berra might have taken some odd pleasure in watching the financial markets unfold lately, if only to repeat his famous goofy line: It was “déjà vu all over again.” We are talking, of course, about the recent meltdown in China, followed by a pretty nasty start to the year on Wall Street, where investors couldn’t have been pleased by an apparent repeat of August’s China-led stock pullback.

But investors are always looking for silver linings, and some may yet find theirs. At least some folks are promising, hoping and praying as much — that roiling markets in China might make for hay in the United States and elsewhere. What’s more, they could be right.Read more here.
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