CHINA ECONOMY TO LEAD TO ANOTHER RECESSION

Economist predict the next global recession is likely to be made in China. We have already in this country seen the reaction from China’s imploding stock market which began 3 1/2 hours on the first trading day of the year in the Chinese stock market.
Our country is no longer the world power other countries depend on. During the ’80s this country had the strongest economy in the world. Today 40% of other countries depend upon the economy of China.
Although our economy has strengthened for the past seven years, the recovery has been weak due to low wages, resulting in lower consumer spending. It is estimated 70% of this country’s economy is dependent upon our consumer spending. My logic has always been, pay high wages, and it will come back to the companies paying those wages.
You can’t grow an economy with low paying, part-time, no benefit jobs, plain and simple. Nor can we grow with jobs going overseas and watch U.S. corporations get fat resulting in more cash reserves.
In case you haven’t noticed watching Wall Street, as a result of China’s economy we are heading for another recession; this one worse than the last Great Recession we just came out of because our economy has not recovered from that recession.
As long as companies want to be greedy we are in for a bad time.

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2 thoughts on “CHINA ECONOMY TO LEAD TO ANOTHER RECESSION

  1. LOL…and the President just told us everything was great!

    China and Russia – scapegoats of 2016, but no worries, surely we’ll promptly bail out those our government serves. Can’t have donors losing money.

  2. Harry Reid today…setting the tee for his buddies:

    REID: LAWMAKERS SHOULD `STAY CALM’ DESPITE STOCK MARKET DROP
    *REID: TOO EARLY TO TALK ABOUT RESPONSE TO STOCK-MARKET DROP

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