The Week (January 6)
“For the Chinese stock markets, it was not a happy New Year.” The initial drops in the Shanghai and Shenzhen Composites were “an unwelcome reminder of two precipitous crashes that befell China’s stock market midway through 2015.” Things have leveled off and it’s true that “the performance of any country’s stock market has only a tangential relationship to the performance of its real economy.”Nevertheless, “the situation for China’s real economy isn’t exactly good.”
Tags: 2016, China, Real economy, Shanghai, Shenzhen, Stock markets
Los Angeles Times (January 6)
“With gun epidemic raging, Obama finally bypasses Congress.” The president detailed his “modest steps” in a sometimes tearful speech. Ultimately, further Congressional measures will be necessary to solve what has become “one of the most vexing political issues of our time.” The over 30,000 gun related deaths each year show the “grotesque human cost…. At some point, the American people need to inform their leaders that this price is just too high to pay.”
