WATCH YOUR WALLET – AT 9:17 A.M. ET:  There are serious rumblings in the international financial markets, with China at the core of the unrest.  Will this be 2008 all over?  From Bloomberg:

Global markets shuddered as turmoil emanating from China spread around the world and billionaire George Soros warned of a crisis.

Chinese shares fell 7 percent within a half hour of opening, triggering a full-day trading halt, after the central bank cut the yuan’s reference rate by the most since August. Other equity markets tumbled, with European shares falling the most since September and U.S. futures indicating a lower open. Commodities weren’t spared as crude headed for its lowest settlement in 12 years. Haven assets gained, with Treasuries rising for a sixth day, the yen reaching a four-month high and gold surging.

“China has a major adjustment problem,” Soros said Thursday at an economic forum in Colombo, Sri Lanka. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”

COMMENT:  Soros may be a revolting man (he is), but he knows his markets.  Things are rumbling.  Another collapse would have a profound impact on this country, and, by definition, the presidential campaign.  It might well elect Donald Trump, who people could see, correctly or not, as an economic fixer.

January 7,  2016