KALAMAZOO (WKZO) — The Chair of the Dept. of Finance and Commercial Law at WMU says the stock market may be gyrating a little and China is taking a big hit but not to worry.
These periodic adjustments are normal and in the long run, a healthy thing for the economy. It brings markets that are over-priced back to reality and may keep a nation’s market, or the global market in this case from over-heating and creating even bigger problems.
Professor Devrim Yaman says the American economy has a lot of strength in its underpinnings right now, with strong retail and housing sales and rising employment.
She says the U.S. can handle the buffeting.
The Federal Reserve is already talking about delaying next month’s planned hike in interest rates which should have a calming effect on the market.
The Dow plunged over a thousand points lower after trading early monday, and then rebounded.
She says the global market will slow a little but continue to grow at a healthy pace and gas prices should remain low.
