China's economy is weak and suffering from a demographic implosion, according to market veteran Ed Yardeni.
But that's good news for the US stock market as it should lead to continued disinflation and a step down in geopolitical tensions.
"It would be in China's interest to attract more foreign direct investment to shore up its economy," Yardeni said.
And the recent decline in China's property values and stock market is especially painful for an aging population.
The combination of continued disinflation and a reduction in geopolitical tensions is ultimately good news for the US stock market, according to Yardeni.
Persons:
Ed Yardeni, Yardeni, —, aren't
Organizations:
Service
Locations:
China, Taiwan