There is one clear takeaway from the Federal Reserve's decision to not raise interest rates: What happens in China does not stay in China.
It is unlikely that Fed Chairwoman Janet Yellen would have postponed an interest rate hike just based on the direct China-U.S. trade relationship. But China trades extensively with Mexico, and particularly with resource-rich Canada.
And if our neighbors' economies are hurting, the U.S. will be affected. Mexico accounts for 15% of U.S. exports and Canada accounts for nearly 20%.
As Yellen noted during the press conference following...