Recession??... China's Economy Is Getting WAY WORSE Than Expected

Jeff Snider discusses China's economy... China really is gloomy, but is there hope in Japan for a boom? Not so fast. Though Japanese GDP surged the economy there actually went the other way. A big reason why is the increasingly dangerous slide in China. This has even unnerved Beijing - the PBOC panicked into an unscheduled rate cut (pair of them) and the NBS yanked the youth unemployment rate altogether.