It is interesting Israel is getting so close to China without insisting on human right's especially religious freedoms. This is an issue that China needs to deal with if it wants to play a bigger role in the world.

Sadly it came at a time when oil prices were low and many producers are not in good shape. The US should use its oil when it becomes too expensive elsewhere for US consumers and to keep our economy strong. That said, the production of gas is great, especially since Asia is using it to make LNG cars that are better than gas cars in emissions and some countries are using it to replace coal.

The fact is, the US should be moving towards LNG fueled transportation as well and leaving oil for more complex synthesis such as jet fuel, plastics, chemicals, and drugs.

The issue is it's good to look at emerging markets because they are the first to respond to global downturns. Thus, I think it's hard to determine how much emerging market problems affect the rest of the world because the rest of the world usually is a big factor for the emerging market meltdowns in the first place.

So far that hasn't happened that much. Rather, our deficit is getting bigger and our own companies are hurting because of them. More of the same seems ridiculous. Someone needs to teach someone about economic fact and stop this madness because the biggest thing happening is emptying ports overseas as countries turn their nose up at the stink in Washington causing a trade war.

Threatening regulations on an industry dominated by the US and driving economic growth is justified reason to bring the market down. The Internet hearings in Washington by Republicans of all parties is repulsive and a joke. I respect Google for being smart enough not to waste time and money partaking of the poisoned chalice.

This downturn is news driven, as it why is Washington butting into things it shouldn't and sadly it's Republicans messing with it threatening Internet regulation, overseas Tariffs, Washington drama, and trade wars. It makes you wonder if the Republicans magically became partial Bernie sanders socialists?

Eventually Japan's deficit will get so large it can't pay much interest if any on its monumental deficits if it hasn't reached that point already. This is the real ugly risk of QE and negative rates. It leads to terrible things due to uncontrolled behavior.

Sadly this is just a politicized tax on consumption imposed on US citizens. Worse it creates a very bad impression on countries tariffs are imposed which is now cutting into US goods consumption. One can not blame China or others for the US creating a bad name for itself.

The other issue is although China has been trying to support its currency, its currency is being driven down by the trade war which negates much of the tariff's effect. This is not a result of currency wars, but the predictable result of creating a trade war with a country going through economically stressful times already. Sadly, the low priced leaders today are not Chinese manufacturers but Southeast Asian nations which even China can't compete with.

Again, be careful of semiconductors. Tech itself will bounce back but semis seem to be slipping into a cyclical dip as everyone is trying to grow into everyones market.

Take note everyone. Whenever rates spike initially 3rd world countries take the biggest hits and people there end up buying more stable currencies if they can afford it. Do not let your broker convince you buying overseas, besides maybe the strongest economies, lowers your risk in a downturn. It doesn't. Rather it elevates your risk.