Loading ...Posted on 28 July 2015
UBS veteran analyst Art Cashin discusses where the money that is leaving China’s market is going, if anywhere except for margin loan payments, and how this meltdown impacts the outlook for US interest rate rises. US stocks have just had their first five-day fall in six months.
He does not think the Fed will now raise rates until into next year…
Video Link
http://www.arabianmoney.net/us-stocks/2015/07/28/chinese-crash
-pushes-fed-rate-rises-back-to-2016-says-art-cashin/