As US consumers experience prices rises in Chinese imports for the first time in their lives, US bond market would be spooked, and the result could be a crash in first US and then global equity markets, he told the CLSA China conference in Shanghai.
Walker said that the situation in current global financial markets is the most dangerous period I have seen in my 25-year working life.
ôBased on company visits, we are hearing that exporters are raising prices. Given the margin compressions that manufacturing...
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