Only China can save earnings for Wall Street (and the world): Bank of America

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Only China can save earnings for Wall Street (and the world): Bank of America
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Need to Know: BofA pegs global earnings growth at zero without help from China

 

Nederland Laatste Nieuws, Nederland Headlines

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Bank of America names new investment bank operating chief: memoBank of America names new investment bank operating chief: memoMike Joo, Bank of America Corp's head of global rates and currencies origin... Co-heads seldom work so pick a leader of global investment banking. Jack MacDonald or Thomas Sheehan.
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China could completely cut off investment into Silicon Valley amid Huawei bust-upChina could completely cut off investment into Silicon Valley amid Huawei bust-upChina could completely cut its capital outflows into Silicon Valley, according to the former deputy governor of the People's Bank of China. Let's hope not. Everyone is forgetting the most CRITICAL facet of China that makes it a very bad investment, long term: China is a communist country. Period. There is NO FREE MARKET in China. There never has been. Silicon Valley will not even notice it. From where else will they 'misappropriate' IP?
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