Hickenlooper Says State Economy Insulated From Market Swings
The volatility of the stock market is raising anxiety across the country. But Colorado Gov. John Hickenlooper is upbeat.
He says the recent Wall Street turbulence shouldn't be taken as a sign of an end to the bull market or the beginning of a recession. In fact, Hickenlooper believes Colorado is in a strong position to withstand extreme market fluctuations because of its healthy and diverse economy.
“We are, by that fact, insulated from some of the wider swings of the market," said Hickenlooper. "That being said, the world is more interconnected than it's ever been.”
He says the market is trying to adjust to economic problems in China. The governor believes once those issues are addressed, U.S. stocks will rise.
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