You're watching...
Ben Willis, Albert Fried & Co., weighs in on China’s central bank cutting interest rates and its impact on the markets.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Going to affect our markets what happened today while everyone was looking the other way -- Europe.
China unexpectedly.
Lowered rates but had you been watching and listening you wouldn't know -- Willis and watch China is joining us again.
From the New York Stock Exchange and then he did warn us about it -- and that leads me to say what's in your crystal ball next what's the next big thing that's.
Coming down the road that investors shouldn't miss.
-- a story -- China's not -- checked quite frankly but if you wanna look outside of China keep and different venues depends on where you wanna look.
That this slowdown in China will definitely have an effect on the trading partners those including the United States of America that were able to export their economy to China is that slows down.
That ability diminishes.
Mathematically whether it's whether -- is the European nations or the United States of America.
But -- that happens that lowers the price it as China slows down commodities prices dropped.
That actually is a benefit to the United States consumer market because as commodity prices meaning gasoline and things like that go lower.
The benefits can be seen is what I'll call -- -- without talking about individual stocks those people that that catered to.
The the job.
Finances of those people letter -- have to make a decision on whether to buy a hamburger.
-- are -- a Tupperware product at -- at those stores they have the ability to do that rather put money in into their gasoline tanks.
So there's some benefits either side of that away from that one of the biggest stories I think to keep an eye on.
Very closely it hasn't happened for awhile but I was saying the same thing about dot -- years ago.
Busy US treasury market I think that is at a place -- very nervous about when that market starts to reverse a -- possibly.
I don't want -- call a bubble.
But he added I think it is a bubble on there there's some economists that now my economics teachers are.
Spinning in their -- that is I'm talking about it but the fact of the matter is I think it's a very dangerous places become of the fact those savings account or mattress for the entire world not -- US investors.
Because of the safe haven.
If that starts unwind I think you can be one of the most violent turn evil ever -- in history.
OK you said it here you know we -- tape let me just quickly ask you -- Syria Turkey tensions.
Let me -- people by thinking the worst year -- -- worked in local news and we always anticipating the worst but.
Could that evolve into a full blown war in the Middle East that possibly involves other entities.
Absolutely we had a little bit of a shake last week when Turkey invoked took articles four and five of the NATO without getting too confusing base that was calling for help.
From the NATO allies which you can't turn down.
The interesting part is some of that some of their participants for Syria would be part of the NATO alliance.
Meaning Russia so.
I'd be very -- I'm very concerned -- what's going on between Syria and Turkey.
But you can't keep you again if you're looking at the geopolitical you have to keep an eye on -- -- got a -- they continue to keep fighting in and whether or not they really do have nuclear armament capability.
That is something that can rattle the whole world that regardless of where you are -- and whether you think your immune from being.
-- -- G-8 geographically displaced from it will have an effect on us.
Ben Willis the man who wants -- to me you know Liz I walked past the Woodrow Wilson School wants I didn't go there.
But we sure are Smart -- thank you very.
