China sneezes and the world catches a cold. And shivers. This is a new world. Global markets did not wait for the extraordinary positive employment data from the US economy, which added nearly 300,000 new jobs in December.
They were left unimpressed with the US Fed raising interest rates for the first time since 2009. They have been skittish about the net effect of the steepest decline in global oil prices with Brent currently selling at less than $35 per barrel compared to $120 per barrel less than a year ago.
But markets sank and shuddered when the Chinese. . .
