Chinese officials predict economic turmoil for the global economy.  State Councillor Yang Jiechi told G-20 representatives in Beijing that recent volatility and “constant changes and intense transformations” will lead to unprecedented challenges to the world.  “It is not possible to completely discard the possibility that an economic crisis could once again take place, and the problem should not be neglected,” he said in the meeting, adding “preventing or reducing negative effects from countries’ domestic policy measures is a pressing task.”

A China Problem?

A growing number of analysts are fearful that a new economic downturn may gin, not because of a drag from the United States, but from disappointment in China. Prior to Yang’s comments, data from China’s 2015 two-way trade report showed that the country’s trade had fallen 8 percent on a year-over-year basis to $3.96 trillion, far below the 6 percent growth that the government had hoped for.

Sunday’s Presidential Democratic Debate on the issue of Wall Street was pretty intense by the three candidates.

CNN:

To do it, Clinton had to go back more than 15 years, and shine a light on a decision that her husband, by his own admission, would come to regret.

“You’re the only one on this stage that voted to deregulate the financial market in 2000,” Clinton said, making reference to his support for former President Bill Clinton’s Commodity Futures Modernization Act.

The law effectively gave bankers, or “sophisticated traders,” free rein from pre-existing oversight mechanisms when they wanted to make deals on the sidelines of the major stock exchanges, in “over-the-counter” trading.

Clinton himself would later cop to having made a serious mistake in signing…