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While China’s stock markets are plummeting George Soros is claiming we may have another 2008 global crash on our hands. While many analysts are claiming doom and gloom about the world stock markets no one is explaining why it’s heading this way. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV to examine why analysts feel this way and why China economic conditions are deteriorating.
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For the last 6 years stocks have been rallying. This represents the DOW and S&P’s biggest one day percentage drop since 2011. There are market analysts that claim there are several reasons why this may be occurring and those are China, interest rates in the US, and or the drop in oil prices. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses the recent drop in the markets and how it relates more to the rest of the world vs just China’s slowing economy or the drop in oil prices.