What Caused U.S.-China Market Turmoil?Guest Post
What Caused U.S.-China Market Turmoil? by Dan Steinbock, Difference Group
As the Fed is paving way for the first rate hike in a decade, the world economy prepares for the greatest shift of capital flows in half a decade. Recent market turmoil in the U.S. and China heralds the transition.
According to the conventional wisdom, the U.S. economy is recovering significantly faster than other advanced economies and the dollar is strengthening. In contrast, China . . .
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