http://www.nytimes.com/2012/03/13/business/daily-stock-market-activity.html?_r=1&ref=business
So I ran into this article today and thought it'd be interesting to post it on the blogs to share it. The article talks about how some people are pointing towards the Chinese economy slowing down as a reason as to why wall street didn't preform as well as they thought they would.
How closely do you guys think the US economy is tied to China, or the rest of the world for that matter? Can the US pull itself out of this recession if the rest of the world is struggling just as much if not more, such as the Eurozone? And will this play a role in the race for presidency?
I think that the US can still pull out of the recession despite how closely tied they are to china. The US has already seen improvements so I am optimistic for the future. This is an issue the candidates should address because it relates to the future of the US.
ReplyDeleteAlthough China and the United States have very connected economies, I agree with Cate. I think that the U.S. will continue to improve despite slowdown in China. The process of recovery may just be lengthened.
ReplyDeleteI don't think that the tie between US and China is extremely tight to the extent that the economic performance is perfectly parallel. It is a fact that the US's economy is slowly recuperating while China's is not. I believe that the US will pull out from this recession, but I can not guarantee about reducing their national debt.
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