http://www.darientimes.com/29012/rickards-the-china-bubble-is-bursting/
Since China represents about 10% of global GDP, any problems in China will not stop there but will ripple around the world in dangerous ways. This could hit the U.S. in 2015, just as the U.S. debt and deficit problems begin to negatively impact our own economy. A continuation of the depression that began in 2007 is likely and a new more dangerous stage of the depression is possible.
Since China represents about 10% of global GDP, any problems in China will not stop there but will ripple around the world in dangerous ways. This could hit the U.S. in 2015, just as the U.S. debt and deficit problems begin to negatively impact our own economy. A continuation of the depression that began in 2007 is likely and a new more dangerous stage of the depression is possible.
So the Depression in China that started back in 2007 won't hit the USA till 2015?
ReplyDeleteHuh???