Page 14 - David Roche News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China has long had an outsized impact on global growth - but with its economy sputtering, its problems could become everyone else's problems.

David Roche of Independent Strategy said equity markets are relatively buoyant "because people are stupid" and overly complacent to global crises.

European stock markets nudged higher Monday after closing Friday at a six-week low.

Jacquie Mannhard knew from the first mile of the Leadville 100 that she was going to have an amazing day. JP Giblin, on the other hand, literally needed a pat on the back from one of his running heroes to boost his spirits midway through the race. Giblin, a 28-year-old runner from Boulder, Colorado, was last year's runner-up in Leadville and the second-place finisher at the Bandera 100K in Texas back in January.

High interest rates in the Western world, as well as the economic woes of China and Russia, pose great risk to global equity markets, David Roche said.