The Chinese economy is in such deep trouble that it has devalued its currency and its stock market is heading for the commode. The U.S. stock market has started off the new year with the deepest loss in New Year's history. Now, French President Francois Hollande is declaring France to be in a "national state of economic emergency" due to national unemployment and the influx of refugees from terrorism.
Both Japan and Germany also have faltering economies. This means that the top five world economies are having perilous economic woes.
Economists in the United States are trying to put a good face on it, but even FOX BUSINESS guru Trish Regan is wondering if something big and nasty is not on the horizon. And our president, who is always right and never wrong, is running around like the cock of the walk proclaiming that the country's economy is cured.
There needs to be a market reversal very soon, or we could end up in far worse shape than the condition we were in when Obama took office.
That's MY AMERICAN OPINION, respectfully submitted.
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