“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 government is having a hard time stimulating it again.” PeopleThinkingHardGovernmentMightEconomyOne ThingChineseHard TimesSlowingHaving A Hard Time Author: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 not in as good shape as we thought and so everybody is chasing everybody else.” ThinkingWorldKindHardEconomyPsychologyEasierShapesEconomicsPanicChasingWorld Economy Author: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 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.” PeopleThinkingWorldFactsDifficultEconomyEffectsManageAround The WorldChineseCurrencyRippleRipple Effect Author:David Wessel
“I think it was seen as a symptom that the Chinese leadership may be really scared about their economy.Why would you want to depend more on exports if you're a country that has a stated policy of relying less on exports and more on consumer spending, domestic spending?” IfsThinkingWantMayCountryEconomyPolicyDependsScaredSpendingChineseConsumersSymptoms Author:David Wessel
“I think the Chinese are really amateurs when it comes to running markets.” ThinkingRunningChinese Author:David Wessel
“It may be that the U.S. stock market starts to rise if people think it's gone far enough.” PeopleIfsThinkingMayEnoughGone Author:David Wessel
“People have put a lot of faith in the government's ability to get growth going in China. People have this, what I think, illusion that there are six people in China who really have their hand on every button. And what we're learning is, it's a very big economy and they're not that good at it.” PeopleThinkingHandsBigsGovernmentGrowthAbilityEconomySixIllusionChinaButtons Author:David Wessel
“I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.” ThinkingWantTwoReasonSeemsProduceOilSaudisOil Price Author:David Wessel
“I think that the feel that maybe China is slowing down means it will be buying less from Africa and Latin America. That means Procter & Gamble and Coca-Cola will sell less in Latin America and Africa. And so it is definitely related.” ThinkingFeelsMeanAmericaSellsChinaRelatedBuyingLatinSlow DownGambleLatin AmericaSlowingCoca Cola Author:David Wessel
“I think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.” ThinkingEconomyCuttingTaxesRate Author:David Wessel
