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Market Commentary - Page 6

Fears of weakening growth in China is the latest in a series of distress signals sent out by the global economy in recent months.

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The U.S. and global economies have been caught in a slow-growth rut for several years now, and with the rising concerns about decelerating gross domestic product (GDP) gains in China, there’s little reason to think the pace of expansion will start climbing any time soon.

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The steep and sudden devaluation of the Chinese yuan this week should remove any remaining doubts that the world’s major economies are engaged in a currency war.

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The problem isn’t that China’s defaulting on its debt. It’s that the country’s once-runaway economic growth is flagging.

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It seems the only predictable thing about the markets these days is their unpredictability.

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