Professor Yosef Bonaparte interviewed by KMGH Channel 7 on Chinese stock market effects in U.S.
University of Colorado Denver Business School professor of finance, Yosef Bonaparte, recently was interviewed by KMGH Channel 7. The professor offered his financial expertise on the recent Chinese stock market plunge.
Recently, the Chinese stock market had its biggest fall in eight years. Dr. Bonaparte said that this plummet could actually be beneficial for U.S. mortgage holders, with the Federal Reserve carefully thinking about raising interest rates. In addition, Bonaparte added that gas prices will most likely stay low, since oil still has a decent supply.
To view the full video interview, follow this Link.
Story credited to Marc Stewart, KMGH Channel 7news: http://www.thedenverchannel.com/news/local-news/chinese-stocks-plunge-again-after-record-plunge