[For all of China's efforts to create a vibrant domestic market, its economy is highly dependent on exports. China's economic model these days] is very much a levered play on the staying power of the overly extended American consumer, ... That's a tough place to be for any economy in an energy shock - even China. |
[Inflation] is starting to broaden out; it's starting to move up a little bit, ... The Fed certainly has to be concerned about that. |
[This] is just another nail in the coffin for the world economy. |