Article Review 2

In this article, Stockman focuses on the issue of the global economy currently being in trouble based on current situations that have appeared in trading, mainly in Brazil. With the decrease in trading and various other things like shopping and job employment, Brazil is currently heading towards an economic slump that will greatly affect the world's economy. The way the U.S. is affected is the amount they export to brazil, decreasing by a lot due to the fact Brazil is reaching a recession. The other country talked about is China, in which their current situation has caused a great loss in terms of money. Stockman is, again, very aggressive in his writing, mocking wallstreet and how they portray China as a great hope for better change in the economy that will increase growth and revenue. His viewpoint comes from the idea that China's economy is spiraling out of control, and it's currently just trying to keep it in check or controlled to a minimum. With these two countries, Stockman believes that worse is yet to come due to the current trends with both countries, and how the global market will respond to them. And with China's increasing market output of things such as steel, deflation is rampant and compared to a freight train due to the amount of price reductions China has caused in the past three years. It's only a matter of time before more countries are either affected by these situations or they face similar situations, causing the global economy to be in trouble in the future.