Friday, June 21, 2013

WALL STREET - Uncertainty and the Effect of China

"Wall Street Feels Pain of China's Credit Crunch, Federal Reserve Uncertainty" PBS Newshour 6/20/2013

Excerpt

SUMMARY:  It was a bad day for global markets, whose stocks fell over worries about a credit crunch in China and comments by Federal Reserve Chairman Ben Bernanke that the fed may begin paring back stimulus efforts.  Jeffrey Brown gets reactions from The Wall Street Journal's David Wessel and James Paulsen of Wells Capital Management.

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