May 04, 2010

I almost marked this as a Win!

Chinese Economy to Fail in Next 9 to 12 Months

May 3 (Bloomberg) -- Investor :S:d1">Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.



OK I know in the short run this will probably hurt us but, in my completely uniformed economic opinion, in the long run it helps us by forcing some systemic changes in things like the artificially low peg of the Yuan to the dollar. I am still of the opinion that "creative destruction" or no that America's economy can never fully recover as a service economy. We need mid-range manufacturing jobs and those can't reappear as long as China keeps their prices artificially low.

Posted by: chad98036 at 11:30 AM | Comments (11) | Add Comment
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