I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.

I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.

Chinese don't really believe in markets. They like stability, they like control.

The only reason you would want your currency to fall, if you could control it, is in order to get more exports.

I think it was seen as a symptom that the Chinese leadership may be really scared about their economy.Why would you want to depend more on exports if you're a country that has a stated policy of relying less on exports and more on consumer spending, domestic spending?

It may be that the U.S. stock market starts to rise if people think it's gone far enough.

If the government can't get the economy moving again, they have a lot of fundamental problems.