A China Bear - The Global Achilles Heel?

Tyler Durden comments on a report by Albert Edwards of Societe Generale who has a dim view of the China bull story.

Most areas in the markets have now discounted a V-shaped recovery. Any doubt will trigger a rapid reversal in prices. I continue to be extremely sceptical and see recent events as part of a 1930s-like, long march to revulsion. Talking about long marches, nowhere in the world fills me with more scepticism than the Chinese economic recovery. The continued enthusiasm for all things China reminds me so much of the way investors were almost totally blind to the fact the US growth miracle was built on sand. China could be the biggest disappointment yet.

This entry was posted on 18. June 2009 at 15:27 and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.