We appear to have caught the Beijing flu.
What do you guys think? China's in big trouble, could this be the start of a global economic great recession again or even great depression?
Federal reserve can print lot of money, but not enough to bail China out and get it growing.
Besides the fact that it's actually China we need to buy our bonds, if China buys fewer treasuries -- or dumps -- and the Fed just quantitative easing money prints to bail China out and get it growing, all we'd do is completely inflate ourselves into Zimbabwe territory. Tough problem, can the world rescue China and get it growing again, so China can keep us all growing too?
Or, like Trump would say, must we decouple before they bring us down?
Donald Trump is all over it, says "China is going to drag us down" and that he warned this would happen:
Donald Trump Warns What China Is Doing "Leads to Depression"
https://www.youtube.com/watch?v=a1BqePQtS-4
Another Bad Day For The Stock Market: Donald Trump Reacts
https://www.youtube.com/watch?v=DG9eEQwWFQk
[edit: rephrase, I'm pumping Trump too much. Long story short, watch those above interviews, he's right about the China situation.]
Watch Donald Trump warn China will ‘bring us down’
Donald J. Trump ✔@realDonaldTrump
As I have long stated, we are so tied in with China and Asia that their markets are now taking the U.S. market down. Get smart U.S.A.
Donald J. Trump ✔@realDonaldTrump
Markets are crashing - all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy! Vote Trump.
http://www.marketwatch.com/story/watch-donald-trump-warn-china-will-bring-us-down-2015-08-24