Also in this playlist...
This transcript is automatically generated
Europe is not the only story out there we've always tried to remind you that it certainly is important but.
Don't forget about China last week I asked -- -- -- traders Ben Willis when some headline was breaking about Europe.
What he really felt was causing market volatility and whether we were on the mark about Europe here's what he -- -- -- beating the same drum but I do you wanna take your ride away from Europe the real play for anybody is watching this market as concerns and investing.
You have to look at China.
And be worried about it hurry up Mike Collins who is known as mr.
China and -- -- started going their and investing there and in Taiwan the whole region.
Many many years ago.
Aren't you worried about China is Ben Willis correct.
I have always worried if we are -- that's the second time it's that you keep railways and -- domestic.
And of course and that's why -- over their regularly and talk to real business is the New York Times were in this.
These incredible headlines.
That the government numbers should have to be -- -- not to be trusted.
I don't know too many government numbers that are in world that are about to be trusted I've never paid any attention of the government which in China much -- in the US but.
Talking to companies.
What the government so they're going to do they actually did.
Priest was -- stimulus in 2008 paid were very successful -- their stimulus program.
So successful that they actually got some inflation so -- and we -- of inflation by slowing things down.
Lot as the as the trade was just talking about they have slowed things down world's second largest economy is slowing too.
Growth in GDP that's incredible.
When you hear people panic about the usage of electricity going down and that must be some very important indicator of their piles -- -- that are remaining unused true.
You believe that's an engineering -- -- two weeks ago.
I was there and I'm gonna talk in the company's things are slowing down they said they wanted to slow them down.
When they said they wanted to start things up in 2008 they started it -- yeah so they say they're about -- started up again.
Why would you say they can't do -- this time.
They may not be able to maybe this will be the time that the government can't get there pretty good at they're good at this step to creating and slowing things down when they don't have this this democracy and complex amount involved if -- They're very they're probably do indeed they actually slow -- the real estate bubble.
-- -- -- -- It is it was about it of course and and they recognize that -- back in the US you know you're looking at some pretty decent.
Names doing very well but they -- off the highs are -- to right now that you're looking hat or in the womb.
About half -- to stay at home.
Like apple and Google let's just start with -- in both companies are going to earn more than fifty dollars in the coming here.
Both -- -- selling under 600.
It makes no sense him these these numbers are just too.
The China market is trading at eight times certain African group with the world's fastest growing largest best economy right now -- will be in the future US will be.
Companies like Berkshire Hathaway Microsoft that it had been -- up six billion dollars today.
Filter by section