“Many years ago, there was an adage that “When General Motors sneezes, the stock market catches a cold.” In those days, GM was such a big player in the economy that if it stumbled, our economy suffered, too. The recent precipitous decline of the Chinese stock market caused our own Dow Jones average to plummet 1,000 points in a couple of days as investors ran for cover. Likewise, our trade deficit has been a dangerous drag on our economy. When China devalues its currency, this upsets the already tenuous balance of trade.”

Explore more quotes:

About the author

This page was created by our editorial team. Each page is manually curated, researched, collected, and issued by our staff writers. Quotes contained on this page have been double checked for their citations, their accuracy and the impact it will have on our readers.

Kelly Peacock is an accomplished poet and social media expert based in Brooklyn, New York. Kelly has a Bachelor's degree in creative writing from Farieligh Dickinson University and has contributed to many literary and cultural publications. Kelly assists on a wide variety of quote inputting and social media functions for Quote Catalog. Visit her personal website here.

Kendra Syrdal is a writer, editor, partner, and senior publisher for The Thought & Expression Company. Over the last few years she has been personally responsible for writing, editing, and producing over 30+ million pageviews on Thought Catalog.