'We'll get past this.' Top economist on the market turmoil [CNN]
The Bank of New York Mellon Corporation (BK)
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Source: CNN
'We'll get past this.' Top economist on the market turmoil "We'll get past this." That's the advice from Bank of New York Mellon's Chief Economist Vincent Reinhart for everyday investors worried about a US trade war with China. Reinhart was the first guest on CNNMoney's new "Markets Now" show hosted by editor-at-large Richard Quest. "The Chinese will keep buying US Treasury securities we'll keep buying their goods," Reinhart said. He noted that investors weren't aware enough of the lurking risk. Recent volatility has been a reminder last year's calm rise was not normal. But the recent volatility has mostly been limited to the stock market. Bonds and commodities aren't bouncing up or down nearly as much, which Reinhart says means the economy remains in good shape. "Economic data has mostly done better than economists expected," he told Quest. Related: Watch Markets Now here every Wednesday at 12:45 p.m. ET You can catch the 15-minute "Markets Now" program every Wednesday at 12:45
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