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The huge swings in world markets because of concerns over China, India's economy now growing faster than China's and Facebook having its first billion-user day. We'll hear in a moment from Peter Coy, economics editor for Bloomberg Businessweek. He's in New York. First here's Izabella Kaminska who blogs for the FT site Alphaville. She's in London. I asked her why the swings in the market this week, oil, currencies and shares had been so dramatic, so much bigger than normal. If I knew the answer to that I think I'd be a very successful hedge fund manager. And not a journalist. Everybody's kind of joined the bandwagon blaming China but in reality we're not really sure whether it really is down to China. It could be actually the byproduct of the Fed's plan to raise rates in September which has had consequences which have led to China having to respond. Patient zero is not necessarily China. China might be just reacting to other things. What we do know is that there is a lot of volatility. The stocks have been extremely tumultuous and a lot of people are blaming that on a lack of liquidity in the market. So I just explain what that means that basically there're many buyers and sellers so you get some quite big swings. If you want to sell something you have to wait for a while unless you want to take a discount. So imagine it in terms of property markets, when a market is very very liquid, you can sell your house tomorrow and probably at the price that you can see advertised or everywhere else. But if it's very illiquid you have to wait possibly a few months and you might have to really reduce the price. | 
发表于 2016-9-1 21:43:38