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Freezer posted:While I agree with the general gist of the article the Chinese did create some spectacular asset bubbles of their own, on par with any that the west has created, but with way less accountability. And Chinese money is inflating bubbles elsewhere, contributing to the mess. It's also useful to compare how much new growth has been created by China per annum (as opposed to the share it occupies globally) -- so much of the global post-recession recovery was driven by Chinese growth, as opposed to, say, European or emerging market growth. As such, a slowdown in China puts a firm dent in the global economy's "recovery."
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Jan 23, 2016 02:06
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SavageGentleman posted:With global exports contracting hard over the last months and the baltic dry index in free fall, global manufacturing really looks like poo poo. Any economists here that could shed some light on the connection between such symptoms and a possible global crash? I dunno. This dude says the BDI isn't that big of a deal -- shipping is just getting cheaper, but trading volumes have held. http://www.forbes.com/sites/timworstall/2016/02/09/whatever-the-baltic-dry-index-says-global-trade-is-not-collapsing/#7c2e38eb7cd2 The only other thing I found about the BDI was Lew Rockwell stuff, but I don't know enough on whether to trust the Gorbes article I posted.
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Feb 10, 2016 21:47
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