Tuesday, April 3, 2012

Nouriel Roubini Is Getting that China's Economy is a Mess

He tweets:
without structural adjustments, China may be lucky to end up in our baseline scenario of 4-6% growth after 2013
It's actually going to be much worse than Roubini thinks, although he is on the right track. China is a mess.The "structural adjustments", in my view a slowdown in money printing is what is going to cause a massive crash. It's an extreme case of money manipulation causing a super-business cycle.

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