He who places his hope on thee, O Virgin all-glorious, will prosper in all he does.

Inscription on Byzantine coin during reign of Romanus III

Monday, June 13, 2011

China's Hard Landing

China avoided a hard landing during the global credit crunch but faces a downturn after 2013 as it will struggle to keep increasing fixed investments, Roubini said.

"There is a meaningful probability of a hard landing in China after 2013," he told a financial conference in Singapore.

That's the closest we've been to agreeing about anything.

No comments: