China's Problems Are Your Problems May 26, 2014 By A. Gary Shilling
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets remain weak, consumer spending is subdued and the U.S. Federal Reserve continues to taper its securities purchases.
Yet a financial crisis in China could well be the trigger that persuades investors to pull in their horns...
