By Dian L. Chu, Economic Forecasts & Opinions Global markets freaked out on Tuesday primarily due to the following events: U.S. Treasury Secretary Geithner’s speech on Monday pledging “The United States and no country around the world can devalue its way to prosperity.”
Within hours after Geithner’s statement, China made a surprise interest rate hike—its first since 2007–raising fears that Chinese growth will slow with global implications.
The unraveling of the “foreclosure-gate” could mean banking crisis 2.0 Geithner’s comments, uncertainty over the Chinese…
*** Please go to my blog http://dianchu.blogspot.com to read the full artilce and other contents ***
