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There 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 abou
by Xixi 8y ago
There 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.