China’s economy is growing slower than government projections, its central bank president is reportedly being pushed out and protesters are jamming the streets of Hong Kong in the tens of thousands. Should we worry?
Yes. But not yet.
China’s economic slowdown is just one of several global factors dragging against the U.S. economy. The European Union is flirting with recession. Brazil is already there and the rest of South America is slowing down, in part because of China’s sagging demand for commodities such as soybeans and copper. Russia is being treated as a financial pariah for its forays into neighboring Ukraine. [Read more]
– http://wp.me/p4sUqu-Iy – Michael’s Blog