torsten slok from deutsche bank says angst is missed laced. will proper. -- china will prosper. the fears are way overblown. why? tom: if you think about the connection between the u.s. and all the other countries, there's a very intimate link in particular in the financial system and across multinational companies. ,hina is very, very separated and particular in the financial system, very few ties which means wobbles in the financial system -- tom: they use the same textbook you used in school. a challenge of fiscal, monetary, and politics. is they have had that for many years. this is why we at deutsche bank -- for many years they've had this build up or they were basically exporting. everyone should be asking themselves, why is this happening now? tom: what does peter garber say? he invented the concept. >> he basically says it is here. we are still in this universal system because china has done shifted away from the export model towards consumption. china so exporting its way -- tom: david pearl, d.c. further depreciation is the only solu