Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.
Turmoil in China Dominates
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The markets reacted sharply last week to Apple's announcement about its poor earnings outlook. As part of that announcement, the company cited weakness in the Chinese consumer market.
Since then, Apple CEO Tim Cook has been speaking about how the company plans to focus on its specific business issues rather than spending time worrying about the macroeconomic environment. Cook did say that he believes the macro economy will work though its current troubles, such as trade tensions and slower global growth.
With China dominating the economic news just after the New Year, it's hard not to think that 2019 will be a pivotal year for that country.
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