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Ace Investment Strategists chief trader Yu-Dee Chang weighs in on the global slowdown and China’s decline in economic activity.
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-- it's kind of predictable after numbers that is what we saw today here in the US but it's not just us.
This is a global story the slowdown in manufacturing it's been something to note here just over the last 24 hours it started here yesterday.
Continued in China last night and then in the UK this morning.
-- Edie Chang is the chief trader -- investments he's with -- -- From DC so.
If it weren't for the US jobs figures we'd be talking I think a lot more about this and it always one larger story about a global slowdown.
-- it making it.
Absolutely that is that story here called global slowdown you're gonna like China looking at numbers you're talking about the Chinese PMI numbers -- -- number came out to be fifty point four barely expending but the unofficial number which is more reliable number via HSBC.
It's actually 48 point four China is contracting the heaviest close -- quite know what gonna.
Forget about these numbers talking about something that I Israel for me right I talked to the people over there have a friend who actually -- wage Taiwanese consulting firm in China but does.
Exit strategies put Taiwanese firms how many are there a -- 1101000.
Taiwanese firms doing busy trying to protect so he tells me.
You -- usually for the past three years would get about -- companies.
Per month coming into was not asking us for -- -- on exiting strategies for the past.
Three month.
On the average they've been getting plenty companies while coming into them per month exactly wanting to exit.
Now some of them not necessarily having non profitable businesses but they see a top they wanna get out there -- -- sell their businesses that land there equipment scary.
It is scary because you think about it -- we if you're new we know Europe's and as everybody acknowledges that we don't know exactly what the end game is -- we say.
Here in the United States where at least for not Europe and at least we have China not crashing or not having a hard landing and maybe they'll just be able to skate by and it's still a strong growth -- just slow down a little bit you're telling this minute now the risk here is of a hard landing is that right.
-- that is actually true I think most fuel.
-- right now the second still agrees that while.
Looks like there -- not be hard landing but the potential now it's very real as there as like you says global story not just China if you look at the brick nations all my got Russia third jokingly talking about taking Russia -- -- the so called brick right.
India slowing down Brazil's slowing -- of course China story slowing down China's most media growth engine of the world here and today that is -- guys economies.
-- canaries -- member down not -- -- today is one thing we have ten year treasuries that will below one and a half percent with the Dow down 200.
In the market is is certainly a big story today but give me a big picture reason -- with all of this going on that I should invest in anything and if so what is it.
It's still possible god don't forget about I think there's still the concept of risk trade exactly equal what you said ten year one point 5% thirty year one point I'm sort of two point 6% right and with the so called Bernanke put.
Possibly in the market when this market does stabilized if you are looking for -- you are looking for a way to make some money.
On their money actually eventually still getting forced back into the market up -- stabilize Asian so buying the lows still not a bad idea is just.
Regulatory graduate that you're buying in now or at least kind of try to get in on the stock market -- it sells off.
Actually saw not to Azeri the second -- dollar cost averaging in yes you.
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