Thursday, July 25, 2013

The China Syndrome

FROM THIS ARTICLE:

It was just two years ago that international, big-state economists were telling us that China would surpass the United States in GDP by 2016.

Economic, financial and progressive talking heads- whose hind parts are where their head parts ought to be- were then saying that China was to become the dominant economic player in the world by 2016.

The New York Times reported: “Obama has told people that it would be so much easier to be the president of China.”

And now back to the present...
China's growth has slowed down to levels lower than 1990. So is China really the next big dog in town? Read more at...
http://finance.townhall.com/columnists/johnransom/2013/07/25/soros-obama-are-wrong-chinas-not-all-that-n1648496