I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.

Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.

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

I think the Chinese are really amateurs when it comes to running markets.

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

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 that the feel that maybe China is slowing down means it will be buying less from Africa and Latin America. That means Procter & Gamble and Coca-Cola will sell less in Latin America and Africa. And so it is definitely related.