Wall Street Journal (May 28)
“It used to be said that when America sneezes, the world catches a cold.” Now, it’s China. “As the reality of slowing growth in China sets in—and with little help on the way from a still-sluggish America and a Europe in euro crisis—economies from South Korea down to New Zealand and Japan over to Thailand are starting to feel the effects. China’s flu is set to become the main preoccupation for policy doctors across the continent.”
Tags: China, Europe, Global economy, Japan, New Zealand, South Korea, Thailand, U.S.
New York Times (December 18)
China’s bubble appears to be bursting “and there are real reasons to fear financial and economic crisis.” The biggest is that “a world economy already suffering from the mess in Europe really, really doesn’t need a new epicenter of crisis.”
China’s bubble appears to be bursting “and there are real reasons to fear financial and economic crisis.” The biggest is that “a world economy already suffering from the mess in Europe really, really doesn’t need a new epicenter of crisis.”
Tags: Bubble, China, Crisis, Europe, Global economy
Barron’s (August 8)
S&P diverted attention from the real problems facing the global economy. The U.S. debt “is perhaps the least of the clear-and-present problems besetting the world’s economy.” Bigger problems include the soft U.S. economy, the European debt crisis and a growing bubble in China linked to local debt, “which at $1.7 trillion equals 27% of that nation’s 2010 gross domestic product.” As for the U.S. downgrade, “the U.S. government may be the world’s largest debtor, but its liabilities still are the safest assets in the world.”
Tags: Chinese debt, Europe, Global economy, S&P downgrade, U.S. debt
