Even with nearly $20 trillion in debt and climbing, the U.S. dollar is strengthening against virtually all currencies, especially the Chinese Yuan. The Fed has a problem with that.
China continues to fight battles with currency speculators, and is dependent on ever larger inputs of local bank credit to keep sputtering growth from declining further.
The slowdown in China is expected: “zombie” factories, empty apartment blocks, ghost town suburbs, mothballed power stations, and expensive infrastructure that nobody needs are everywhere. Steve and Sinclair review a Wall Street Journal report on how China is affecting the global economy and how it is altering the Fed's vision for interest rates. Get the intel.
In the Q & A Segment, CFP Murray Titterington with IQ Wealth joins the A-Team to explore the "Value Trap" when selecting stocks for your portfolio.