Looks like I was right again about the China ‘crisis’ being a media generated crisis rather than an actual economic crisis. Tim Cook confirms that Apple’s iPhone business in China has been unscathed. This reminds me of 2011 and 2012 when the left said that Greece would cause a global economic contagion…so much for that. Again, we’re talking a one percent decline in China GDP. Pretty much meaningless. Maybe one of these days the left will predict something correctly, but we’ll probably all be dead before we can bear witness to it.
— Carl Quintanilla (@carlquintanilla) August 24, 2015