Global financial turmoil brings the Fed’s plan into focus
Breakfast with Benjamin: Asia's biggest economy is slowing, the Fed is about to kick off an interest rate tightening cycle, and China has just devalued its currency. Is the current market turmoil foreshadowing yet another region-wide bust?
- China could be triggering a worst-case scenario for the global financial markets. But it will only really matter if the Fed stays on course with its September rate hike. What the current market turmoil is foreshadowing.
- Take a deep breath and stay calm. If you have time and patience, there are stocks to settle into right now. Safety for worried investors
- The last time the markets tanked, these sectors did the best. Volatility is reality in stock market investing.
- During the 2008 financial crisis, he told investors to head for the hills. This time Jim Cramer is advising calm and patience. ‘Remember, nobody ever made a dime panicking.’
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