CNN Erin Burnett OutFront October 16, 2013 03:46:00
As well as australian exchange. shanghai down, hong kong exchange down. not a lot. really it's a wait and see approach. i think many would say it's the calm before the potential storm. what a storm it would be. $1.3 trillion of ownership china has of u.s. treasury bills. one economist i spoke to today said it would be catastrophic for this region if the u.s. defaults on its debt. he also said this would be ten times worse than the collapse of lehman brothers that kicked off the financial crisis. so very nervous eyes here in asia looking at the situation going on in capitol hill. >> and david, ...
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