CNBC Interview: The Real China Price and Olympic Shutdowns
Last week, I was asked onto CNBC to discuss Inflation in China, energy price hikes, and the Olympic shutdown were the topics discussed.
I apologize for my lack of enthusiasm, and a few mumbled words…..but it was really early in the morning and the monitor was on a 5 second delay.
The intellectual weak point of the interview came when he asked about the what I felt the central government would do to help shore up the stock market. At the time, I really had no idea (and I still don’t). All I had for that was my gut feeling where if the central government was really worried about something, they would react…. and I just haven’t seen a real reaction to the market.
Not sure if it was right, but it was all I had… and I would appreciate any comments on the topic. It is one that is going to be important going forward as it is one of the biggest asset classes in China, but with the housing market starting to show signs of a downturn, I am just not sure what response is most likely… and if that would be the right one.
So, if there is an economist in the house… please step forward.
Full Article: All Roads Lead To China
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