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

The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.

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?

At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart.

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

If you don't have a set of principles that you can explain for what you are doing, then how can anybody know what you're going to do next?

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