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

Nouriel Roubini sees a "significant" slowdown in store for China - calling for GDP to fall below 8% if the government doesn't add stimulus measures. If that happens, he says the government will be forced to further reduce its reserve requirement and lower interest rates to help turn the economy around.
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Comments (3)
  • Losing Paper While Gaining ...
    , contributor
    Comments (488) | Send Message
    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
    , contributor
    Comments (330) | Send Message
    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
    , contributor
    Comments (9) | Send Message
    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
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