Ouch! China has unleashed a financial typhoon on world markets.
It's true that U.S. stocks got broadly hammered. But the real issue won't be how China's slowing economy affects the U.S. – because it likely won't.
Rather, the big impact will be felt by emerging market economies that have historically relied heavily on commodity exports, as well as some non-emerging markets that bet big on the materials business.
Read more here.
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