There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't have ripple effects around the world. I think that confidence is being shaken by how difficult it is for them to manage their stock market and their currency.
If the government can't get the economy moving again, they have a lot of fundamental problems. - David Wessel
If the government can't get the economy moving again, they have a lot of fundamental problems.
- David Wessel
I think the one thing that's going on here is that people are saying, uh-oh, the Chinese economy might be slowing more than we thought and the govern… - David Wessel
I think the one thing that's going on here is that people are saying, uh-oh, the Chinese economy might be slowing more than we thought and the govern…
At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happ… - David Wessel
At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happ…
There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't ha… - David Wessel
There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't ha…
Chinese don't really believe in markets. They like stability, they like control. - David Wessel
Chinese don't really believe in markets. They like stability, they like control.
I think the Chinese are really amateurs when it comes to running markets. - David Wessel
I think the Chinese are really amateurs when it comes to running markets.
I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just … - David Wessel
I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just …
Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility. - David Wessel
Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.
The only reason you would want your currency to fall, if you could control it, is in order to get more exports. - David Wessel
The only reason you would want your currency to fall, if you could control it, is in order to get more exports.
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