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We should frankly be terrified the world over. You could well say the developed world all over has been investment-driven since the GFC. At least China's errors

We should frankly be terrified the world over. You could well say the developed world all over has been investment-driven since the GFC. At least China's errors are visible. The world needed an orderly deleveraging. Instead we get trade wars and nationalism.

duxup 7y ago
>At least China's errors are visible. I'm not sure I would describe it that way. There's a real lack of visibility in China I think.
- lambdasquirrel 7y ago
  Those ghost cities are pretty visible. When negative interest rates enable a company like Color, and then Color goes away, there's little to show for it.
Supermancho 7y ago
> orderly deleveraging. Instead we get trade wars and nationalism. How else are you going to politically sell deleveraging? Nationalism ("made in america" stickers) weren't effective in the past. I do not believe it's going to be effective in steering capitalism now.
- lambdasquirrel 7y ago
  "Made in America" didn't work. But the trade war seems to be "working" as far as marketing goes. That all said, there was some news the other day that most of the farm bailout has gone to big agricultural firms, so there's that...