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About as likely as the last 10,000 times the Western media has predicted the collapse of the Chinese economy.
by standardUser 8y ago
About as likely as the last 10,000 times the Western media has predicted the collapse of the Chinese economy.
- Xixi 8y agoThere are experts predicting economic recessions in the US every single day, no need to bring a West/East nationalistic divide to it. They are mostly wrong about US too, but it doesn't mean that recessions don't happen. It just means that experts in general are extremely bad at figuring out when crisis happen. There will always be a couple of lucky experts who got it right and will make a career out of it... Some day China will go through a major economic crisis too, claiming otherwise is an extraordinary claim requiring extraordinary evidence. Figuring out when it will be hit by a crisis will probably be obvious... post-facto.
- xvilka 8y agoThis doesn't mean crisis will change much after a recovery, like it didn't in US, many European countries, etc.
- benj111 8y agoYes but if you get it right then you're a genius, and get a book deal, and an even better paid job, whereas if you're wrong, everyone forgets. It's a free lottery ticket. My considered opinion is we'll go into recession in July 2020, obviously based on prevailing macro economic trends, not blind guesswork.....