Mike Barnicle on the negative impact of China’s debt

Continuing the conversation on the recent volatility of global financial markets in reaction to drops in the Chinese economy, Mike Barnicle talks to Austan Goolsbee, Professor of Economics at the University of Chicago, about the negative impact of China’s debt. “You have a nontransparent economy, a nontransparent state, with massive debt. Who are these people in the stock market in China and what kind of an impact does the massive debt have on the global economy?,” asks Mike. Listen to Goolsbee, former Chairman of the Council of Economic Advisers, give his take here.


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