25-02-2014, 11:24 PM
(25-02-2014, 07:43 PM)AlphaQuant Wrote:Blimey, you've neutralized the guy's arguments in a few short sentences...(25-02-2014, 01:15 PM)BlueKelah Wrote: heh how come no one reply to this?
is the reality too hard to face?
I noted that the article came from seekingalpha, written by an angmoh called Paul Hodges, who comes from "New Normal Demographic Experts" which i have never heard of.
I will suggest the bloke read up on the China financial and political system.
Eurozone is having 0 growth - but that's because noone can print money except ECB and ECB cannot do it cos Germany is anal abt inflation.
US is having 0 growth partly because the fiscal situation is so complicated with the Republican vs Democrats squabbling.
China can print all they want and CCP is the only game in town. Inflation/high gini coefficient are the undesirable side-effects of growth but i think unemployment from too low a growth will pose much more problems than the previous 2. If growth is too low, CCP will just print to stimulate+recapitalise - who's to say no?