Message #496

[Xiao Jie]

I don`t dispute the obvious fact that Europe is a drag on the world economy. That is a given and they do not seem willing to make the bold decisions that are needed reverese the situation. However, China has frontloaded so much infrastructure spending. When the well does run dry and they can no longer maintain hyper growth rates what affect will this have on the global economy? I don`t know, but I do know that rapidly cooling the last bastion of growth will not be good for the global economy.