It's time to make it official. The downside risks we have been warning of over the past several months are now coming to pass.
It's time to make it official. The downside risks we have been warning of over the past several months are now coming to pass.
The West always seems to expect a hard landing in China. Yet in three instances over the past decade, China has proved the doubters wrong.
Growth has been chronically weak when compared with any expansion of the past 40 years.
Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets.
© 2020 Inspirational Stories
© 2020 Inspirational Stories