By John Richardson MYTH No 1 about China is that the rise of its middle classes guarantees a prosperous economic future. No need for a Plan B we are told. Just follow the money by investing in lots of autos and other manufacturing capacity, often “high end”, and everything will be fine – along with, […]
Asian Chemical Connections
China To Follow In America’s Oil And Gas Footsteps
By John Richardson DURING the economic Supercycle it all worked beautifully, as the above picture indicates. China sold stuff to the West and then bought lots of US Treasuries from their earnings in order to keep US interest rates low. This enabled US consumers to buy even more shirts, washing machines, refrigerators, TVs etc from […]
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