MAPI Webinar: Notes From An Anxious World
It would be hard to imagine a more opportune time to give a webinar presentation to a large group of MAPI members. They have already been dealing with a raft of problems in the form of widespread global weakness, an elevated dollar, and policy uncertainty in the United States. But along comes turmoil in China, a critical economy for many global manufacturing supply chains and one in which members have made large investments. A clumsy attempt by government officials in Beijing to deal with a very predictable stock market correction and an even clumsier effort to manipulate the renminbi in the wake of faltering export data have raised anxieties about growth and stability in this globally crucial country. China's bungling resulted in an alarming disruption in world financial markets.
While members asked about China they also realize the raft of other issues they must confront. Partially due to China’s problems there is widespread weakness in the emerging world. Brazil and Russia are dealing with deep recessions. While the Greek dragon seems to be on a leash for the moment, he certainly has not been slain and risks remain in the still sluggish Eurozone.
The U.S. economy is certainly more stable but it has been a rough year for U.S. goods producers. My advice to members: Stay on top of the global picture. The markets are telling us that events are moving quickly. And be prepared over the long haul for a more volatile business environment.