I have been wrong four times in a row now.
But I, once again, renew my bet on a major Chinese growth slowdown in the next decade.And I predict that if the US adopts a balanced budget amendment, there will be a global slowdown that will affect China, too. Otherwise, China's growth looks to still be on a roll, albeit with some hiccoughs.
What could get in the way? The US throwing up obstacles.
WCEG — The Equitablog
In Which I Once Again Bet on a Substantial Growth Slowdown in China…
Brad DeLong
2 comments:
So you're betting against DeLong? Good bet.
Right. Applying a US-centric model (that itself has deep issues) to China is not going to yield the expected results.
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