Nouriel Roubini sees a "significant" slowdown in store for China - calling for GDP to fall below...

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Losing Paper While Gaining ... Comments (490)
 
Not 7% growth!!! That'd be... actually, that'd be much better than the rest of us...
20 Jan 2012, 02:51 PM Reply Like

JC51 Comments (343)
 
China needs 7% GDP growth rate in order to support consumer spending, maintain its export sector, and expand its infrastructure. If the growth rate drops below 7%, China falls into a recession. Please keep in mind that there are still 800 million - 1 billion Chinese earning less than $200/month. It's still a poor, fragile, and developing country.
20 Jan 2012, 11:15 PM Reply Like

bgkbgk Comments (9)
 
Roubini got the credit crunch right by being bearish at that time and made a name for himself. However, he has been bearish throughout the entire recovery from March 2009 up until today - anybody following his advice since the initial collapse would have lost a lot of money. Why is anybody still listening to him?? It is of no use to be bearish through peaks and troughs. I have never seen any positive commentary from him ever since he got the name Dr Doom. In the long-term we are all dead...
20 Jan 2012, 04:16 PM Reply Like