A Bear In The China Shop

It is difficult to overstate my pessimism about the trajectory of China’s economy.…  I hope I am wrong but I deeply fear another big blow to the global financial system. Google for “Chinese Ghost Cities” to have your socks scared off.

To the point (Austro-Chinese business cycle theory)

“There is persuasive evidence to conclude that the Chinese economy is actually growing at just 4 or 5 per cent right now based on a composite of other indicators,” says Patrick Chovanec, a business pr…

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