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Friday 31 August 2018

Where China Goes, the World Goes


I am a big believer that much of the global economic growth since 2008 has been driven by two factors: Central bank easing, and Chinese economic growth. 

Neither are sustainable tools for growth. China's economic growth in the last 10 years has largely been through a massive creation of debt.

Now, the Chinese government is trying to slowly deflate that bubble in a controlled manner. Regardless of if they do it slowly, or gets out of control, I believe the global economy will suffer.

- Source, Silver Fortune