Skip to comments.Asian stocks sink over global economy fears
Posted on 01/27/2014 2:19:50 AM PST by Red in Blue PA
HONG KONG (AP) -- Asian stock markets tumbled Monday as investors factored in the possibility of slowing growth in China and a further reduction in U.S. central bank stimulus.
The global sell-off that is roiling world markets was triggered by preliminary results Thursday of a survey showing that China's manufacturing would contract in January.
Investors are also awaiting a two-day meeting by the U.S. Federal Reserve starting Tuesday, where officials are widely expected to reduce their monthly bond buying by another $10 billion to $65 billion. Turmoil in individual emerging markets such as Argentina, where the peso dropped 16 percent over two days last week, is also spooking investors.
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Yet the "experts" at the Fed never see it coming.
The quiet before the storm.
We want China to be self-sustaining at least until we get our act together; otherwise, China will get cranky.
You’re only saying “trillion” because you’re trying to oppress minorities. /s
Yeah, the Fed puts the punch bowl on our table (big banks) and they use it to get a bunch of Asian prostitutes who use the money to rent high end apartments and sports cars. When the punch bowl empties out the banker’s wives sue for divorce and it’s over. Until the next time.