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China Fuels Global Selloff


January 4th, 2016 09:37 AM

China Fuels Global Selloff

The DOW Jones Industrial Average opened today down over 450 points due to a 7% drop in China stocks and a halt in trading caused a worldwide selloff.

Last year China imposed new trading laws that limited when shareholders could sell their stock. The circuit breaker system kicks in when the market drops more than 5% in order to calm massive sell off. Bloomberg reported that it was the worst year opening for China ever as stocks dropped and circuit breakers kicked in.

There are some major current events fueling the massive selloff with Saudi Arabia and Iran at the top of the list and a potential war looming in the shadows. Protests are erupting everywhere due to Saudi Arabia’s mass execution which included a prominent Shiite Cleric. The Saudi Embassy in Iran was raised and burned. Iran and Saudi Arabia are not the friendliest neighbors and this situation could cause an explosion in violence and a full blown war in the region. Oil supply, demand, and price is about to get a little more complicated once sanctions start flying and God help us all, a war.

China manufacturing numbers are down which is the manufacturing hub of the world. On top of that, US manufacturing is down.

This is not the start to 2016 Americans are looking for.

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About Dr. Ron Caskey

Dr. Caskey has over 30 years experience as a trusted financial professional. Over the past three decades, he has helped scores of valued clients create, protect, and distribute wealth in an effort to greatly enhance their overall quality of life. He lives with his wife Jeannine in Firestone, Colorado. They have raised 5 kids and have 11 grandkids.

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*Disclaimer* - *Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. This website and its contents, downloads, videos and audio files are designed to provide general information on the subjects covered and is provided to you for informational purposes only. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ron Caskey does not give legal or tax advice. Please consult your tax advisor or attorney. Ron Caskey is a registered and licensed insurance agent resident in the state of Colorado, non resident in multiple other states. This website focuses on insurance products in an attempt to avoid volatility. The term "Safe Money" should not be understood as signifying a guarantee or a guaranteed investment.*
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