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Quote by 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 happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart.”

Quote by David Wessel

Author

David Wessel, born on February 21, 1954, is an influential expert in the unknown field. Throughout his career, he has achieved significant accomplishments and made important contributions to the development of the unknown field. more

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“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.”

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“If the government can't get the economy moving again, they have a lot of fundamental problems.”

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“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.”

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“There is also a concern that there is a lack of demand of oil. And so when commodity prices fall, it's good if you happen to be a consumer, but it's sometimes seen as symptom of a weakening economy.”

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Source: Once in a Great City: A Detroit Story