WASHINGTON - The New York Times is reporting: “Stocks in the U.S. and Europe sank after trading was halted in China for the second time this week. Markets had plummeted in Asia over concerns about China’s currency.”
JAMES HENRY, jamesshelburnehenry at mac.com,@submergingmkt
Henry is former chief economist at the international consultancy firm McKinsey & Co. He is now senior fellow at the Columbia University Center for Sustainable International Investment.
He said today: “There are several critical aspects to this: