lørdag 27. februar 2016

Paul Krugman: What's going on in China right now scares me

China scares me. China has a huge adjustment problem. They have an economy that is based upon unsustainable levels of investment and needs to radically shift from investment to consumption. They don't seem to be managing it. They have a large internal debt problem and a government that doesn't seem to be thinking clearly about it. At this point their response to economic difficulty seems to be to crack down on the financial press and to tell them to write happy stories, says the American economist. Read more