"Turmoil returned to financial markets as oil plunged past $27 a barrel, the Dow Jones Industrial Average sank as much as 565 points and global equities approached a bear market that is fueling a rush into haven assets." - U.S. Stocks Sink With Markets Around the World - Bloomberg
UPDATES: 2016 World Economic Forum LIVE UPDATE Jan 21 Davos 2016 - "Where Is the Chinese Economy Heading" (video) Speakers: Jiang Jianqing, Francine Lacqua, Ray Dalio, Zhang Xin, Christine Lagarde, Fang Xinghai, Gary D. Cohn (go to link for Video Replay)
Shanghai Composite Close Jan 21: 2,880.48 Price decrease -96.21 (-3.23%) ...
George Soros Says He Expects Hard Landing for China Economy - Bloomberg Business: "Billionaire investor George Soros said China’s economy is heading for a hard landing and will contribute to global deflation. "A hard landing is practically unavoidable," Soros said on Bloomberg Television from Davos. "I’m not expecting it, I’m observing it. China can manage it. It has resources and greater latitude in policies, with $3 trillion in reserves."..."
How Much Will Markets Fall? Top Investors See No Bottom Yet - Bloomberg Business: ""I expect a protracted decline in the S&P 500," Jeffrey Gundlach, co-founder of DoubleLine Capital, said in an e-mailed response to questions. "Investors should sell the bounce-back rally which could come at any time.""
What China's Mess Means for the World and US - It's been an ugly start to the year for China, with Chinese stocks in Hong Kong falling to global financial crisis lows. To make things worse, Chinese officials seem befuddled about how to respond to the financial turmoil. Bloomberg Businessweek's Peter Coy takes a look at how China's mess affects the world, and explains why the U.S. economy is still relatively insulated. Published Jan 20, 2016
IMF Global Forecast 'Largely Nonsensical': Paul Donovan - Paul Donovan, global economist at UBS, discusses the IMF's global growth forecast and explains why China's economic slowdown is set to continue for the next five years. He speaks on "Bloomberg Surveillance." Published Jan 19, 2016
See also:
• bloomberg.com/markets/stocks/world-indexes/asia-pacific and SP500 Index
• DomainMondo.com: What Will China's Markets Do ... (video)
• DomainMondo.com: Global Pulse: China Markets Hit Circuit Breaker Again (videos)
• DomainMondo.com: China: Yuan, Markets, Economy, 'Don't Worry...'
• World faces wave of epic debt defaults, fears central bank veteran - Telegraph
• 'WORSE THAN 2007': Top banker warns of looming,,, bankruptcies | Business Insider
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